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Hong Kong warehouse rents fall for the first time since 2016
16 October 2019
Hong Kong – 16 Oct 2019 Prominent real estate advisor Savills pointed out in its Q3/2019 Industrial Briefing that in contrast with the weak general market, the industrial investment segment is proving to be relatively resilient thanks to redevelopment interest. The leasing market, however, recorded a rebound in vacancy rates and a mild fall in rents. The firm believes the new air freight safety regulations have boosted the space needs of air freight forwarders, though this new demand is expected to be short-lived.