Despite the subdued manufacturing outlook, the rental index for all industrial spaces rose marginally by 0.1 per cent from the first quarter to the second. This was supported mainly by rental gains in the single-user factory category, where the index rose 0.5 per cent over the preceding quarter.
This marked the first quarterly increase since the first quarter of 2015. However, due to the increased headwinds in the global economy and trade uncertainty, the temporary rebound is unlikely a sign that the industrial market is out of the woods.
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