Key Findings
- Demand accelerated with 16.1 million sq ft in take-up recorded for Q2 2021, up 39% Y-o-Y.
- Q2 2021 supply is down 26% y-o-y to stand at 25.2 million sq ft. This includes speculatively developed schemes due to come online in Q3.
- Investment activity continues unabated and we expect yields to harden further over the next eight to 12-months before normalising.