Logistics and warehouse demand expected to moderate in 2023
Historic low vacancies are set to rise slightly with leasing activity falling 5%-10%, says Inospace, SA’s largest owner and operator of last-mile logistics parks
20 December 2022 - 06:00
Investment and leasing activity in SA’s industrial and logistics sector, the commercial property market’s star of late, will fall due to the effects of a moderate economic recession.
According to Inospace, leasing activity will drop 5%-10% in 2023 with historic low vacancies set to increase slightly as occupiers delay expansion plans and the post-pandemic need to hold additional inventory dissipates...
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