Rents for the segment rose 7.0% YoY and 2.7% QoQ.
Prime logistics posted the highest rental growth amongst industrial property segments in the second quarter of 2022, data from CBRE showed.
In Q2, the segment saw a 7.0% YoY and 2.7% QoQ increase in its rents.
CBRE said the increase in rents for prime logistics can be attributed to the “positive leasing demand and the acute shortage of quality warehouse space.”
“Further rental increases can be expected in the prime logistics segment in the near term,” said CBRE.
Whilst the segment saw an improvement in rents, its vacancy remained tight in Q2, said CBRE, adding that the addition of LOGOS Penjuru Logistics Centre was not able to help the segment.
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