Tenant-favourable market amid uptick in lease surrendering
In Q2 2020, the industrial market’s conditions were generally tenant centric with private and medium-sized landlords willing to offer attractive rents together with shorter and more flexible lease terms.
Highlights:
- Geopolitical macro trends are anticipated to weaken global trade volumes
- Landlords should consider data centre conversions or redevelopment opportunities with demand being driven by from cloud and IoT businesses