Published:
Overall vacancy in Hong Kong industrial market dips to 0.4% in Q2
While rents remained on the rise.
In Hong Kong's industrial market, overall vacancy edged down 20bps to 0.4 percent during the second quarter of 2014.
According to a report from CBRE, rents, meanwhile, remained on the rise as landlords maintained their strong position in the prevailing low-vacancy environment.
The report also said that the leasing market continued to be handicapped by a lack of available space to accommodate sustained demand from retailer and third party logistics tenants.
Lastly, continued growth of retained imports (5.9% y-o-y growth in Q1 2014) provided a strong platform for warehouse demand.
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