Industrial

The vacancy rate stood at 14.9% in Q1 2021, the highest since Q4 2018.

The US accounted for 77% of these outbound investments.

Cold chain storage remains undersupplied in Asia on a per capita basis.

Seoul, Tokyo, and Sydney grab the top three spots.

With the COVID-19 pandemic predicted as a cyclical event, Seng Leong believes that most real estate asset classes will go up and down in cycles 

For James, the well-known adage “location, location, location” may well be replaced by a new one: “location, insight, experience”

Total investment volumes decreased 7% during the quarter.

Prominent industrial estates recorded zero sales.

The Central sub-market’s vacancy rate decreased from 5.0% to 4.6%.

ESR Australia recently bought a portfolio of 45 properties for a whopping US$2.9b.

Landlords and tenants are retrofitting existing warehouses to meet cold chain demand.

There were seven major transactions worth over HK$100 million each. 

More than half of the US$1.3b transactions in Q1 were for industrial assets.

Singapore, Hong Kong, Mumbai, Sydney, Seoul and Tokyo are promising markets, says Knight Frank.

There were 18 en-bloc transactions with a combined value of USD2.3b in Q1 2021.

An 8-storey vertical fish farm will be fully operational by 2023.