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Spotlight on Cardiff Industrial: Double-Digit Rent Growth Outperforming the National Average

Rises Driven by the Lack of New Supply and Low Vacancy but Deliveries May Cause Slowdown

St Modwen Park, Newport, where 167,000 square feet is being speculatively built by St Modwen and due to complete later this year. (CoStar)<br>
St Modwen Park, Newport, where 167,000 square feet is being speculatively built by St Modwen and due to complete later this year. (CoStar)

Cardiff’s strategic location makes it popular for logistics and manufacturing. The market has experienced strong rental growth over the past 12 months, which is being driven by a lack of new supply and low vacancy. Will this trend continue and what are the other trends we are following in the market?

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