LISTEN Glasgow’s industrial market is in rude good health with demand outstripping supply leading to strong rental growth and high deal volumes, according to GM Brown Property Consultants founder and director Gregor Brown.
With 134 deals over the line in 2023, Brown was the UK’s biggest individual dealmaker in the Radius On Demand Rankings, letting more than 300,000 sq ft across all major use types in and around Glasgow.
Brown also says Glasgow has a glut of vacant office space and believes much of this may need to be repurposed for alternative use. He says there are various BTR developments in the pipeline for Glasgow city centre which he believes will prove important in bringing back demand for the city’s shops, bars and restaurants.
Photo by Tony Clerkson/REX/Shutterstock
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