Health demand gives landlords confidence to stay firm on rents
The industrial sector outperformed other key property sectors and continued to recover, with capital and rental appreciation recorded in Q2. The sector has also seen positive performance so far this year, and we forecast YOY warehouse rents and prices to adjust by +5.0% and +6.8% in 2021, respectively.
Insights and recommendations:
- We expect landlords to negotiate for higher rents during renewals, given the relatively stable demand and limited new supply
- As we see the strong export rebound (+24% YOY) and rise in food consumption, we recommend investors pay attention to cold storage in the next three years.
To see what could be for you in the industrial sector, talk to one of our experts today.
