■ Tenant demand, particularly from the bulky goods sector, remains strong. Not only has the second half of 2016 seen a number of significant new entrants, but existing players in the value and bulky goods segments remain expansionary.
Sales of retail warehouse goods will rise at 3.9% pa over the next five years, faster than overall household spending
Summary
■ Recent months have shown that the UK consumer has remained spectacularly unmoved about the prospect of the UK's exit from the EU. As a result of this we expect that retail spending will remain robust.
■ The investor base for retail warehousing is broadening. This is driven not only by rising yields, but an increasing acceptance of the fact that the occupational market is generally very robust.
