Industrial rents and prices post 12th consecutive quarter of growth in 3Q2023
Industrial rents and prices rose 2% and 1.4% q-o-q in 3Q2023 respectively, despite the manufacturing sector facing a contraction in 3Q2023. JLL’s Tan Boon Leong believes industrial rents may post full-year gains of around 8% to 9%, surpassing the 6.9% growth recorded in 2022, while he anticipates industrial price growth to moderate from 7.5% in […]