Gauteng faces shortage of quality larger warehouse facilities
Demand for logistics and warehousing facilities of 20,000m² is high and is driving rental prices up, says Mark Truscott, head of leasing at Improvon
The industrial property market — characterised by high demand and low vacancies — is experiencing stock shortages of quality logistics and warehousing facilities in well-located nodes in Gauteng.
According to Mark Truscott, head of leasing at Improvon, A-grade logistics and warehouse facilities considered top drawer are in short supply. These facilities are experiencing rising demand as occupiers seek modern and efficient buildings to reduce operational costs...
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