Industrial prices and rentals continue to rise amidst drop in occupancy

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Industrial prices and rentals continue to rise amidst drop in occupancy
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pstrongIn 3Q23, prices rose 6.2% YoY, whilst rentals increased by 9.3% YoY./strong/p pPrices and rental indices of all industrial space rose in 3Q23, data from JTC showed./p pIn 3Q23, prices rose 1.4% QoQ and 6.2% YoY, whilst the rental index jumped 2.0% QoQ and 9.3% YoY.

In 3Q23, prices rose 6.2% YoY, whilst rentals increased by 9.3% YoY.In 3Q23, prices rose 1.4% QoQ and 6.2% YoY, whilst the rental index jumped 2.0% QoQ and 9.3% YoY.

On the flip side, occupancy fell during 3Q23, slipping by 0.2 percentage points QoQ to 88.9%. YoY, occupancy fell by 0.8 percentage points,

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