Resurgence in auto industry driving demand for industrial land in London

The citys industrial land is being gobbled up, so much so that new space may be added to meet demand.

Londons retail and office markets are stable. High-tech companies are scouring downtown to find space with exposed brick and beams.

In broad strokes, those are the trends outlined by commercial realty firm CBRE in its most recent outlook for the London market.

Sales in the industrial sector increased 50% in 2014 from the previous year, said Peter Whatmore, executive managing director of CBRE in London.

We have sold millions of feet in the last 18 months. There is a solid market recovery... New construction and building will be happening here.

Here is a snapshot look at the industrial, retail and office markets in London:

INDUSTRIAL

NOTEWORTHY DEALS

The London industrial market is experiencing some real optimism. We have become a more balanced market of supply and demand. There is a shortage of quality industrial space which might lead to more design build and construction, said Larin Shouldice, CBRE salesperson.

London is positioned well on the industrial side. We have ample land, and London is looking to acquire and service more land. With ample industrial development we expect another year of stable, modest growth.

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Resurgence in auto industry driving demand for industrial land in London