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Industrial Sales and Leasing Hong Kong

October 2020

Report

Reihe: Savills Market in Minutes

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  • Erscheinungsdatum : 30.09.2020
  • Seiten : 3 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 356,11 kB
  • Sprache(n) : Englisch

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Inhalt

  • While the macro economy continued to drift in Q3 due to an uptick in virus cases and increasing US / China tensions, local logistics demand was buoyed by escalating demand for necessities and online retailing, with warehouse vacancies stabilizing.
  • We saw more renewals and consolidation of leases in modern warehouses as landlords became more flexible in rental negotiations. There were also some cost-saving relocations to basic warehouses in Tin Shui Wai / Yuen Long, where larger and more efficient floor plates at lower rents were on offer.
  • After months of redevelopment sites dominating the sales headlines, there were significantly more income-producing assets changing hands in Q3, as the relatively high and stable yields of industrial properties attracting long-term investors

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