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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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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.

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