Lima Warehouse MarketView Snapshot Q2 2016
- The World Bank raised its Economic forecast for Peru in 2016 from 3.3% to 3.6%.
- Warehouse real estate activiy was low in East submarket during Q2 2016.
- The growing tren of build-to-suit warehouses continued.
- South submarket still registered a considerable amount of land to develop.
- South inventory grew 5.5% compared to Q1 2016.
- Market's average vacancy rate was 7.6%.
- The average lease rate was US$ 6.50 per sq. m. per month.