Skip to main content

Have industrial rents become less sensitive to GDP?

The falls in industrial rental values over the past few years have been much smaller than those seen in the early 1990s and also modest in relation to the depth of the 2008-09 recession. We suspect that this drop in the sensitivity of industrial rents to the economic cycle is likely to prove temporary rather than permanent, though further investigation may be needed. Even so, with a renewed recession likely this year, the bigger picture is that the downturn in industrial rents has further to run.

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 gain:

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

Get access