Industrial real estate markets are braced for a global slowdown as the economy decelerates, according to a new report from Colliers International. But while the slowdown has the potential to cause a decline in leasing and letting in warehouse markets, most markets are predicting stable if not rising rents over the next 12 months, Colliers International said.
Industrial real estate markets are braced for a global slowdown as the economy decelerates, according to a new report from Colliers International. But while the slowdown has the potential to cause a decline in leasing and letting in warehouse markets, most markets are predicting stable if not rising rents over the next 12 months, Colliers International said.
Most European economies are expected to slow in 2008, compared with 2007, as the uncertain business climate takes its toll. However, the European warehouse markets are well-positioned to weather a slow-down and the region is expected to show 'modest growth', the report said.
France and the UK in particular are expecting higher yields. The report points out that London's Heathrow still holds the title for the most expensive warehouse space in the world at EUR 16.85 per m2. Japanese locations in Tokyo, Yokohama and Uraysu take the next three places on the Colliers list, followed by Oslo and Dublin.
