Chart of the Day: Warehouse and logistics rents fell 0.8% in Q4 2019

Weak manufacturing performance dragged on industrial demand.

This chart from EDMUND TIE revealed that the monthly rental rates for warehouse and logistics premises declined by 0.8% QoQ in Q4 2019, as industrial demand remained lacklustre amidst weakened manufacturing performance.

For the same reason, rental rates for both first-storey and upper-storey multiple-user factories dipped by 0.4% and 0.2%, respectively.

Also read: NODX reversed decline with 2.4% growth in December

Meanwhile, rents for high-tech industrial and business parks rose 1.2% and 0.5% over the same period due to the limited available supply.

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