Industrial rents grew 1.5% q-o-q in 2Q2022, up from the 1% q-o-q development recorded the previous quarter, according to information released by JTC on July 28. This notes the seventh successive quarter of development and also the fastest quarterly development given that 3Q2013. On a y-o-y basis, leas expanded 3.4% throughout the 2nd quarter.
Colliers’ He, on the other hand, highlights that brand-new supply will come onstream at an ordinary total amount of regarding 1.2 million sqm each year from now until 2025, consisting of 1.6 million sqm to be finished this year. This outmatches the 0.7 million sqm annual average over the past three years, indicating that supply is most likely to reach temper the rate as well as demand of rental and rate development, she opines.
Storage facilities charted the toughest performance among all the industrial sub-segments, registering a rental boost of 2.1% q-o-q and 5.7% y-o-y specifically …