covid 19 industrial

"Warehouse rents rebounded given early signs of a recovery in both local trading conditions and the retail sector with vacancies trending downwards."

"Investment volumes will remain low through the first half of 2021, due to the continued restrictions on foreign arrivals which will delay due diligence for foreign investors."

"Modern warehouse vacancies remained unchanged with a number of large-scale renewals, while general warehouse landlords continued to suffer."

"Warehouse vacancy has stabilized with more renewals and consolidation of leases taking place thanks to greater flexibility in rental negotiations."

"The global pandemic has reinforced the importance of e-commerce to everyday life, and the logistics sector has been a prime benefi ciary of this trend. As such, market fundamentals appear sound. Whilst the uncertainties surrounding COVID-19 could cause some unrest going forward, the sector continues to be underpinned by structural changes driven by e-commerce. In the meantime, valuations are likely to continue to be put under pressure."

"Modern warehouses saw rising vacancies with freight forwarders and 3PLs continuing to lose business due to global supply chain disruptions as well as weaker local consumption."