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Tokyo and Hong Kong Show Rent Growth

Global Industrial View | Q2 2013

Summary

The most expensive global industrial markets showed little change in Q2 2013 in terms of prime rent ranking.  Rents in eight of the top 10 most expensive markets were stable during Q2 2013, with rental values growing in Tokyo and Hong Kong. Due to demand from e-retailers and expanding 3PLs, Tokyo’s rents expanded 2.2% quarter-over-quarter, as measured in local currency. Meanwhile, Hong Kong grew by 2.6% quarter-over-quarter, due to exceptionally tight supply of available space. Third-ranked Singapore also faced a shortage of good-quality stock amid strong demand.

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