Industrial

The projects will add 73,500sqm of fresh stock.

Rents in all submarkets except the West increased in the quarter.

Total stock increased 3% in Q2.

The projects will add 269,600sqm of new supply to the market.

Nearly 1.7m sqm of new space was introduced in H1 2022.

Takeup only totalled 137,000sqm.

Gross takeup grew 82.2% during the quarter.

This is due to higher rents commanded by two properties in the area.

The drop was driven by a lack of available space.

The new completions in H1 were fully pre-leased.

The vacancy rate also rose to 3.1% in the same period.

Leasing volume declined 10.4% to 3,028 transactions in Q2.

Rents in some areas in the city rose by over 30% since 2018. 

Sales rose 28% to 512 transactions during the quarter.

Inflation is forecast to hit 4.5% this year.

JLL expects deal activity to surge in the next few years as supply increases.