Chart of the day: Factory and warehouse leasing volume slows to 3.5% in Q1

This is way below the double-digit increase from a year before.

This chart from Savills shows that factory and warehouse leasing volume rate increase had slowed down to 3.5% year-on-year (YoY) in the first quarter (Q1) of 2022 despite volume increasing from 2950 to 3054.

This is far from the 21.2% YoY growth in Q1 2021.

However, from the chart, we can surmise that if the trend from the 12 years continues, leasing volume will continue to break the previous year’s records. 

“While single-user factory segment remained the key demand driver of the industrial rental market, the YoY growth in tenancies signed moderated from 63% in the fourth quarter of 2021 to 39.7% in Q1 2022,” Savills said.