Published:
Chart from Savills
Industrial leasing volume rebounds in Q1
Volume increased by 2.5% YoY to 3,229 tenancies.
Leasing volumes of industrial spaces have finally picked up after three consecutive quarters of decline.
Data from Savills showed that leasing volume increased by 2.5% YoY to 3,229 tenancies.
"In the quarter, more tenancies were signed across all property types except for the single-user factory segment, " Savills commented.
By segment, leasing volumes rose by 1.8% YoY for multiple-user factory spaces and 12.1% YoY for warehouses.
Single-user factory spaces, on the other hand, fell by a larger 17.5% YoY compared to the 15.5% YoY decline it recorded in Q422.
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