Industrial rents and prices grow for the 7th consecutive quarter
Both grew by 1.5% QoQ.
Industrial rents and prices grew for the seventh consecutive quarter, both growing by 1.5% QoQ.
Based on data from Colliers, the 1.5% QOQ growth of rental prices is an "easing" from Q1 when prices grew by 3.1% QoQ.
The Q2 rental growth, on the other hand, is an acceleration from Q1, when rents grew by 1.0%.
"This would make it the fastest quarterly pace of growth since Q3 2013," Colliers added.
Colliers said rents grew faster in Q2 as demand for industrial assets caught up with supply.
In Q2, total net absorption came to 4.30 million sf on the back of strong demand for warehouses and multiple-user factories, whilst there were 3.46 million sf of industrial space which came onstream.