Report highlights

Despite slow export figures, the industrial leasing market experienced low vacancy figures and demand coming from data centres, FMCG companies and logistics operators.

Leasing activities slowed down because of the sluggish market momentum, however, low vacancy rates have supported increasing rents despite a slow net take-up.

The number of transactions increased, prices are stabilising, and leasing demand remained firm. Buyer sentiment continues to recover due to a stabilising stock market and slower interest rate hikes.

Retail’s sales figures declined for the first two months combined, compared to last year. Meanwhile, landlords are more flexible towards subdividing shops for better tenant mix and operational efficiency.