Business park rents outpace conventional industrial rents in Q1: report by DTZ Research



Business park rents outpace conventional industrial rents in Q1: report

 Published on Mar 31, 2014
Straights Times

By Melissa Tan

Business park and high-tech industrial rents outpaced those at conventional industrial space in the first quarter this year, property consultancy DTZ Research said in a report on Monday.

While conventional industrial space rents held up in the quarter due to manufacturing sector expansion, they may be weighed down by more new supply being completed, DTZ said. It added that business park rents are expected to grow further this year.

Average gross rents for business park space climbed 2.1 per cent to $4.80 per sq ft (psf) per month in January through March from the preceding three months. High-tech industrial space rents grew 1.6 per cent to $3.15 psf per month over the period.

However, conventional industrial space rents stayed flat in the first quarter. Rents on the first floor commanded $2.20 psf per month and upper floors were $1.80 psf per month.

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DTZ reports can be found here.  Registration is required twice (2 different sites) but reports and webcasts are generally free:

DTZ Occupier Perspective Global Occupancy Costs Offices 2014

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List of Thailand Business Parks and Industrial Estates

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List of Philippine Business Parks and Industrial Estates

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Thread Started Thread Title Views Comments Last Post
2014/03/31 9:07 AM
by Global Business Parks
Business park rents outpace conventional industrial rents in Q1: report by DTZ Research
1 0 2014/03/31 9:07 AM
by Global Business Parks
Business park rents outpace conventional industrial rents in Q1: report

 Published on Mar 31, 2014
Straights Times

By Melissa Tan

Business park and high-tech industrial rents outpaced those at conventional industrial space in the first quarter this year, property consultancy DTZ Research said in a report on Monday.

While conventional industrial space rents held up in the quarter due to manufacturing sector expansion, they may be weighed down by more new supply being completed, DTZ said. It added that business park rents are expected to grow further this year.

Average gross rents for business park space climbed 2.1 per cent to $4.80 per sq ft (psf) per month in January through March from the preceding three months. High-tech industrial space rents grew 1.6 per cent to $3.15 psf per month over the period.

However, conventional industrial space rents stayed flat in the first quarter. Rents on the first floor commanded $2.20 psf per month and upper floors were $1.80 psf per month.

Subscription required to access full article at Straights Times


DTZ reports can be found here.  Registration is required twice (2 different sites) but reports and webcasts are generally free:

DTZ Occupier Perspective Global Occupancy Costs Offices 2014

**************************************************

To search for business parks in South-East Asia visit Global Business Parks at:

South-East Asia Business Parks Industrial Parks and SEZs

Click here for a list of Business Parks and Industrial Parks in Vietnam:

Vietnam Business Parks and Industrial Estates

Click here for a list of Business Parks and Industrial Parks in Thailand:

List of Thailand Business Parks and Industrial Estates

Click here for a list of Business Parks and Industrial Parks in the Philippines:

List of Philippine Business Parks and Industrial Estates

More news about business parks and industrial parks around the world at:

Website: www.GlobalBusinessParks.com

Twitter: @GlobalBizParks

Facebook: GlobalBusinessParks

News/Blog: my.GlobalBusinessParks

Flickr: GlobalBusinessParks

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