Spatial Concentration in Institutional Industrial Real Estate Investment in the England and Wales

Peter Byrne () and Stephen Lee
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Peter Byrne: Department of Real Estate & Planning, University of Reading Business School

Real Estate & Planning Working Papers from Henley Business School, University of Reading

Abstract: In two recent papers Byrne and Lee (2006, 2007) examined the geographical concentration of institutional office and retail investment in England and Wales at two points in time; 1998 and 2003. The findings indicate that commercial office portfolios are concentrated in a very few urban areas, whereas retail holdings correlate more closely with the urban hierarchy of England and Wales and consequently are essentially ubiquitous. Research into the industrial sector is very much less developed, and this paper therefore makes a significant contribution to understanding the structure of industrial property investment in the UK. It shows that industrial investment concentration is between that of retail and office and is focussed on LAs with high levels of manual workers in areas with smaller industrial units. It also shows that during the period studied the structure of the sector changed, with greater emphasis on the distributional element, for which location is a principal consideration.

Keywords: industrial; institutional investment; spatial concentration (search for similar items in EconPapers)
Pages: 22 pages
Date: 2008
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Citations: View citations in EconPapers (1)

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