It deaccelerated from a 1% increase in the fourth quarter of 2022.
The rents of the business park went up 0.6%, which is a downgrade from the previous quarter’s 1% increase.
This chart from Colliers showed that vacancies in city-fringe business parks remain tighter, but their occupancies are easing as well. This leads to island-wide occupancy declining by 1.2 percentage points.
“Rental growth and occupancies may continue to ease as more supply comes on stream, coupled with slowing demand and economic growth,” Colliers said.
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!