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Abu Dhabi logistics & industrial - H1 2011

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Abu Dhabi logistics & industrial - H1 2011

More sophisticated occupiers are seeking better quality modern facilities as rental prices across Abu Dhabi’s industrial areas have settled at lower than previous levels.

We anticipate a further flight to quality as redevelopment of older buildings and the new build of modern facilities within Mussafah will continue to provide companies with alternative occupational options.

Within the last 3 months we have witnessed landlords beginning to offer more flexible lease terms, but rent free inducements still do not exceed 2-3 months.

Landlords are more willing to pay agency and brokerage fees as incentives to both agencies and tenants.

An increase in activity has been witnessed in the engineering compound/open land sector with a surge in recent requests from international engineering and plant equipment hire companies.

Source : Knight Frank

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Keywords : Knight Frank