The record low spread between industrial yields and the all-property average is not a sign that industrial property is too expensive. Rather it largely reflects the fact that retail yields are still comparatively high. If anything, relative to offices, industrial property still looks comparatively cheap.
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