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CoStar Analysis: Which industrial markets have recorded the strongest rent growth this cycle?

Industrial rents have surged upwards over the past decade, increasing by 37% at a national level. But which markets have outperformed? And what does the future hold?
Industrial rent growth by UK market, last 10 years (horizontal axis) and next 5 years (vertical axis)
Industrial rent growth by UK market, last 10 years (horizontal axis) and next 5 years (vertical axis)
CoStar Analytics
March 12, 2020 | 3:01 P.M.

The online retail revolution has resulted in soaring demand for industrial space in recent years, bringing the national industry vacancy rate down to record lows and powering rental growth. However, some industrial markets have performed far better than others over the past decade, with differing levels of performance expected over the next five years, too.

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