OCCUPATIONAL MARKET SOFTENS IN Q1, BUT FORWARD-LOOKING INDICATORS ARE MORE POSITIVE
Industrial occupier market conditions weakened in Q1, as quarterly demand slipped and availability increased, but the volume of space under offer or in the planning pipeline is relatively high and there’s renewed confidence and intention to take space. The slowdown in speculative development activity last year means the volume of supply due to be delivered to the market this year is low. This will alleviate upward pressure on availability and underpin continued positive prime rental growth this year.
