Skip to main content

Industrial yields have risen, but differential over offices remains low

Initial yields on European industrial property have risen further from their trough in mid-2007 than office and retail yields. This could be due to a sharper downward revision in investors’ rental growth expectations for industrial property. Rather, we think that it is mainly due to investors re-pricing the risk of industrial property relative to office and retail property, following a steady decline in the relative pricing of the sector since the mid-1990s.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access