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Industrial Sales and Leasing Hong Kong

April 2021


Reihe: Savills Market in Minutes

Anbieter: Savills

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  • Erscheinungsdatum : 15.04.2021
  • Seiten : 3 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 938,06 kB
  • Sprache(n) : Englisch

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Industrial market stages rebound
  • Both local trading conditions and the retail market rebounded in Q1 given gradual containment of the virus locally as well as a rebound in major regional economies.
  • The leasing market was active over the quarter with a number of major relocations and renewals recorded, with warehouse vacancies falling heavily (from 4.1% in Q4/2020 to 3.1% in Q1/2021) as a result. Modern warehouse landlords again reacted fastest with some rental increments seen as available space was quickly snapped up.
  • Investment sentiment turned positive in Q1 with a few major deals concluded worth over HK$2 billion. Strata-title industrial transactions also increased by 40% q-o-q as investors sought out this high-yielding asset class at various price points.
  • The warehouse leasing market should continue to benefit from a recovering trading and retail performance as well as sustainable growth in e-commerce, both in the local market and cross-border. We expect the business prospects of both freight forwarders and 3PLs to improve in the coming months, benefiting all types of warehouse.

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