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Industrial sector

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Industrial sector

The effect of the new measures was seen in Q2, with only 25 transactions over HK$30 million being recorded, a 65% decline from Q1.

The revitalisation potential for industrial premises may finally come to fruition due to the first successful revitalisation case.

Godown prices maintained their upward trend with end-user support.

Extremely tight availability and high costs forced some tenants to move to less advanced warehouses in the New Territories for larger space at more affordable rents.

The industrial sectors are well supported by occupier demand, and the upcoming godown supply should alleviate tight availability in the subsector.

Source : Savills

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