09 Apr 2013
The growth in industrial rentals is slowly heating up, seemingly benefiting from the lagged impact of declining industrial property vacancy rates.
This is according to Rode Review report which reveals that vacancy rates on warehouse and high-tech property dropped during 2010 and 2011, and how since 2011 the growth in prime industrial rentals has heated up.
In fact, such has been the acceleration in the growth of rentals that in the fourth quarter of 2012, prime industrial rentals recorded a nationally averaged growth rate of 7 percent.
However, the report notes that this growth failed to be in excess of building-cost inflation, implying that we are, as yet, not out of the woods when it comes to industrial property.
For now the good news for the industrial property market comes from the manufacturing sector.
Possibly thanks to a weak exchange rate, the yearly growth in output produced by the manufacturing sector has in recent quarters been gaining momentum, according to the report.
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