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Colliers Quarterly | Q2 2022 | Industrial

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Hong Kong Quarterly Q2 2022 IND 1536x1040

Solid demand from third-party logistics players

Despite the slowdown of economic activities in Hong Kong in H1 2022, the market still witnessed solid demand from third-party logistics players (3PLs), while the market saw healthy demand from the electrical and frozen food/beverage sector. 

Key highlights 

  • Tight vacancy further pushed warehouse rent up by 1.1% QoQ in Q2 2022
  • E-commerce will be a key driver for the industrial sector with online retail sales growing 29% YoY for the first five months 
  • We expect a growth of 5% for warehouse prices in 2022

Hong Kong Quarterly Q2 2022 IND 1024x972

Colliers Quarterly | Q2 2022 | Industrial

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Related Experts

Bill Chan

Senior Director | Head of Industrial Services

Industrial Services

Hong Kong

Bill is a Senior Director in the Industrial Services business in Hong Kong. He is an industry-leading real estate expert with leasing and investment expertise spanning 28 years in industrial brokerage and manufacturing. He has an extensive track record of major leasing, disposition, and acquisition deals across a range of assets in multiple global markets.

Not only that, he has specific experience with cold and self-storage assets, and advised GDS Holdings Ltd on setting up their first data centre space in Hong Kong, which complements the focus areas of multiple Colliers’ business lines.

He recently re-joined Colliers after leaving in 2019 to work in Canada for DHF Capitals, a real estate development and property management company, and he now looks forward to accelerating the success of our clients and people.

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Rosanna Tang

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Rosanna Tang leads the research team in Hong Kong and South China in Colliers. Driving different research papers and client-orientated initiatives, Rosanna has a deep understanding of all property sectors, research products, and client requirements. Rosanna is also one of the spokespersons in the company, and she frequently speaks in different industry events and media interviews. 

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