Key takeaways
- Supply and rents remain stable compared to the previous quarter, and no new facilities are likely to be added until 2023.
- Availability of existing warehouse space was reported as low at 6.2%, following quarterly net absorption of 10,000 sqm., primarily in Class A
and A+. - Ready-to-develop space in industrial parks is attractive to new tenants as recent incentives for manufacturing companies (EMMA) are already
in effect.
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