Note you are now viewing the Colliers United States website. Amazon alone accounted for 37% of total net absorption in 2020. The company entered the year with $16.9B in projects either under construction or set to begin within 12 months, down $2.6B from the end of Q3. Occupancies related to e-commerce activity dominated the market this year. Despite project headwinds for 2023, Malaysia's economy remains a relatively bright spot in Asia.Several key trends in the real estate industry are ESG and technology, apart from the awareness, CBRE|WTW Market Outlook Abridged Report 2022 Malaysias economy contracted 4.5% in 3Q 2021 y-o-y (3Q 2020: -2.7%), while it contracted by -0.3% q-o-q (2Q 2021: 16.1%). Stay up to date on relevant trends and the latest research. Atlanta experienced its best year ever of industrial activity in 2021. The growth inmanagementbusiness, despite economic headwinds that tamped down transaction activity for the past few months, is a sign that it can be more bankable as a secular change. What a Difference a Year Makes: 2023 Commercial Real Estate Outlook, Explore Investment Opportunities on SalesTracker, Atlanta industrial market forecast and insights. Transform how you acquire, manage, operate, and experience space with technology, Bringing projects to lifereducing costs, improving outcomes. He has served as a single point of contact to a variety of institutional owners including private and public REITs, pension funds, insurance companies and developers. Klang Valley MarketView 4Q 2021 In 4Q 2021, the Malaysian economy grew at a rate of 3.6% (cf. Copyright document.write(new Date().getFullYear()) CBRE. Waterloo Region Real Estate Market Reports. Though the savings will come off the books gradually, the "vast majority" of cost-cutting actions have already been taken. While Atlanta saw a slight uptick in Ending the second half of the year with two consecutive quarters of positive absorption more than 8 million square feet, Atlanta's industrial market absorbed the second highest amount of space in the nation in 2020. We want to take 15 seconds to tell you what's going on: Sound good? WebCanadian Market Reports CBRE Research prepares Canadian MarketViews on office, industrial, retail, investment and multi-housing sectors and other specialty reports About Net absorption in Q4 2022 was led in large part by the robust pre-leasing activity on the new supply that delivered during the quarter. The national average asking sale price rose 27.2% in 2022, following the 30.1% gain last year, this represents a cumulative 65.5% increase in sale prices over the last two-year period. ft. of positive net absorption in Q4 2022. CBRE|WTW Market Outlook Abridged Report 2021, CBRE Global Web Privacy and Cookie Policy. Toronto and Montreal follows with average net asking rents of $17.17 per sq. Find your next opportunity on the worlds leading commercial real estate services and investment team. WebGeneral industrial, or manufacturing space, is also seeing solid demand, with the market absorbing just over 2 million square feet and lowering the vacancy rate 60 basis points to 3.7% in 2022. Access the latest quarter commercial real estate results for the industrial sector nationally. the most relevant research on the current real estates outlook in Malaysia. Note you are now viewing the Colliers United States website. CBRE Research prepares local Waterloo Region MarketViews on the office, industrial and the retail sectors. CBRE expects to grow its investment in office in at least one way: Industrious, in which it purchased a 35% equity stake in 2021. Charlotte Industrial Insight - Q4 2022 Summary and analysis of Charlotte's current economic and industrial real estate market conditions. Every market across Canada saw asking sale prices rise in 2022, with seven of the 10 markets recording double-digit growth year-over-year. Copyright document.write(new Date().getFullYear()) CBRE. Ending the second half of the year with two consecutive quarters of positive absorption more than 8 million square feet, Atlanta's industrial market absorbed the second highest amount of space in the nation in 2020. Our unmatched research and thought leadership platform delivers actionable insights to help our clients make informed business decisions. The average wage for CORRECTION, MARCH 1, 10:15 A.M. The largest 100 industrial lease transactions in 2022 included an unprecedented 63 signings for 1 million sq. We will email you a link to reset your password. Six of the 10 Canadian markets continue to have availability rates of 1.2% or lower, with the Waterloo Region remaining the tightest industrial market in Canada. WebCBRE sets the standard for Canadian commercial real estate research by providing clients with accurate and innovative market intelligence. The overall vacancy rate has slightly decreased since third quarter, seeing a 50 bps decrease year-over-year. Despite the substantial influx of new industrial properties, 91.7% of the space was delivered pre-leased in Q4 2022. Investment activities are expected to improve supported. Atlantas office market demonstrated strong tenant demand in the fourth quarter of 2022 with 263,000 square feet of absorption gains, down from 511,000 square feet the previous quarter and up from 48,981 square feet of negative absorption one year ago. January 12, 2023 Download our quarterly insights to learn about the basic fundamentals of the Charlotte industrial market as well as major activity impacting the market and an outlook for the near future. A record amount of new supply was delivered in Canada this quarter, with a total of 12.7 million sq. After experiencing a major spike in sales within the third quarter due to a few large transactions, fourth quarter activity saw a drop in transactions due to an increase in interest rates. Explore different topics like the latest office market pricing trends and analysis of Atlanta's current office real estate market conditions. Click or drag a file to this area to upload. His experience in all phases of the building cycle provides his clients with a unique perspective and helps them to identify opportunities regardless of the market conditions. Use the form below to reset your password. We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. Learn more about AVANT. His experience in all phases of the building cycle provides his clients with a unique perspective and helps them to identify opportunities regardless of the market conditions. Two main factors are driving the switch, Giamartino and CEO Bob Sulentic said. We need additional data to finish your registration. While Atlanta saw a slight uptick in vacancy due to 8.7MSF of deliveries in Q1 2022, strong Q2 absorption figures brought the vacancy rate down to 3.4% to end the 2nd quarter. ft. or more, up from 57 in 2021. Large bay facilities made up the vast majority of the new supply that delivered in Q4 2022, with buildings 100,000 sq. I would like to receive JLL communications. Over the past 8 years, Harrison Marsteller has become an integral part of the Colliers Industrial Agency team where he currently oversees a 6.5M SF portfolio of industrial assets, developments and build-to-suit opportunities. The Atlanta office market experienced over 2,000,000 sq. For the first time in nine quarters, new supply outpaced net absorption, signaling the potential start of market fundamentals returning to balance. Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. Also subscribe to Bisnow's Commercial Real Estate Newsletter, Bob Johnson, Americas First Black Billionaire, Says White Execs Have To Work Harder On Diversity, JLL Plans More Layoffs This Year As Profits Shrink, Amazon Scales Back Warehouse Portfolio Again, Lawsuit: Real Estate Firm's Employees Used Recruiting Events To Drug, Sexually Assault Women, Multifamily Investment Sales Plunge 71% In January, Also subscribe to Bisnow's National Newsletter. As theseverity of interest rate hikes has already eased, Sulentic said he expects capital markets activity to begin to recover. Overall we would expect to increase our broker headcount in 2023, for sales, leasing, and debt brokerage.". Demand more from your real estate. Avison Young is your trusted source for commercial real estate office market insights in Atlanta. Fourth quarter ended boasting positive net absorption. Download the Canada Industrial Figures Q4 2022 with national and local statistics. The reduction in construction starts will lead to The CBRE headquarters building at 2100 McKinney Ave. in Dallas. Through his experience, Harrison aligns his clients needs with a strategic approach and unparalleled market knowledge that allows them to maximize the value of their real estate portfolio. Columbus is a top market for the largest industrial leases nationwide in 2022, according to a new report from CBRE. Q3 witnessed just over 300,000 sq. Mike Lafittethis monthstepped down as CEO of Trammell Crow Co., CBRE's development-focused subsidiary,and won't be replaced. Atlantas overall industrial average increased 10% YOY. ft. in Q4, setting another new record for growth at 30.9% year-over-year. Second, CBRE is gaining market share and business for global workplace solutions, whichincludesfacilities and portfolio management for occupiers and project management for developers and landlords. Demand for industrial & logistics warehousing space is driving an increase in megawarehouses, according to a new CBRE report. A CBRE for-lease sign outside an office building in Markham, Ontario, Canada. CBRE recorded a 6% operating loss from its development activity in Q4 as it was all but unable to sell off assets,but its full-year profit from development was $333M, the second-bestyear in the company's history. 2021 will go down as the best year ever for Atlanta Klang Valley MarketView 4Q 2020 GDP forecast for 2020 is between -3.5% to -5.5% by Bank Negara Malaysia. CBRE Research prepares local Halifax MarketViews on the office, industrial and the retail sectors. Download attachment (s):- Klang Valley Market View 4Q 2020, CBRE|WTW Market Outlook Report 2023 2022 Year in Review: Malaysia has sailed the year with its GDP surpassing the pre-pandemic levels. Just over 1.3 million square feet of mostly build-to-suit developments are underway in the general industrial market. The Atlanta office market continues to remain strong, ending with over 194,742 sf of positive absorption in the fourth quarter of 2022. General and flex spaces saw tempered tenant demand in the fourth quarter of 2022, although still in positive absorption territory with demand growth of 42,000 square feet. Giamartino attributed the steepness of the decline to lower-than-expected transaction volume and the historically hot market in 2021. Records were broken across data points including lowest vacancy rate ever, highest annual absorption, highest average rental rate, highest amount of product under construction, highest amount of product leased, and greatest amount of money invested in Atlanta industrial properties. What a Difference a Year Makes: 2023 Commercial Real Estate Outlook, Explore Investment Opportunities on SalesTracker. ft., respectively. Construction activity remains strong, especially in the Midtown and Downtown submarkets, accounting for over 2.6 msf under construction combined. Copyright2023 Jones Lang LaSalle IP, Inc. Make smart decisions when it comes to investing in office properties in Atlanta's competitive office real estate market. Go beyond cost and risk mitigation. Through his experience, Harrison aligns his clients needs with a strategic approach and unparalleled market knowledge that allows them to maximize the value of their real estate portfolio. In addition to his experience on the agency side, Harrison focuses on site selection, identifying development opportunities for both owners and users as they look to expand their footprint in the Atlanta MSA. The Atlanta industrial market delivered a historically high amount of space this quarter with over 9.5MSF in deliveries. "Even if the work you do for a client in a specific portion of their portfolio is shrinking, it likely would result in project management work, potentially transaction management work, portfolio management work, so even if you have some shrinkage within an account, there are opportunities for revenue," Sulentic said. We need you to be ok with our use of information like your general location or reading habits to personalize your experience, so we can suggest the right stories to read or events for you to attend. Property Type. You are subscribed to the Bisnow National Newsletter. The Atlanta industrial market bolstered its Q1 numbers by finishing the first half of the year at +10M in square feet of absorption. ft. of positive absorption. Make informed business decisions based on significant insights together with. Atlanta Office Market Reports | Avison Young US - Atlanta, DOWNLOAD THE ATLANTA OFFICE MARKET REPORT. Private consumption grew 15.2%, Klang Valley, Property Market, 3Q 2022 ECONOMY / KEY INFRASTRUCTURE UPDATESIn 2Q 2022, the Malaysian economy grew at a rate of 8.9% (cf. CBRE expects torealize a further $300M of savings this year, with the final $20M waiting until early 2024, Giamartino said. Download Atlanta Office Market Report 4Q22, Download Atlanta Industrial Market Report 4Q22. ft. of new projects begin construction, with the majority of the space located in Toronto, Calgary and Montreal. The reduction stemmed from CBRE delaying projects to wait for better financial conditions. ft. of positive net absorption in Q4 2022. "Weve sized our business and our capital allocation strategy consistent with the assumptions that weve talked about here today, about where that business is going to be," Sulentic said when asked about headcount reduction in the office sector. According to CBRE Labor Analytics, the Atlanta MSA has 114,591 warehouse workersa workforce that is expected to grow by 8.5% by 2030. The overall asking average rental rate increased to $6.95/SF in the fourth quarter of 2022, up from $6.56/SF the prior quarter and relative to $6.07/SF one year ago. ft. in Q4 2022. Atlantas vacancy rate sits at a new low of 3.6%, down 50 basis points from the previous quarter of 4.1% and down yet another 100 basis points from 4.6 % one year ago. As a result, Atlanta may see a record amount of deliveries this year in response to the high level of demand and increase of rental rates in the market. The mining and quarrying sector returned to the green territory. Commercial Residential . The $400M in cost reduction CBREannouncedin its Q3 earnings report is well underway, though the $80M in cuts it made in Q4 was off the $100M pace itprojected in October. This lifted the annual total to the 2nd highest level on record to ET: This headline has been changed to better reflect the source of CBRE's profits. ft. of new product entering the market. Unlock the value in every dimension of your real estate with integrated, data-led services that support your overall business strategy. Net rental rates continued to escalate throughout 2022 and reached an average of $13.71 per sq. In addition to his experience on the agency side, Harrison focuses on site selection, identifying development opportunities for both owners and users as they look to expand their footprint in the Atlanta MSA. The Canadian industrial market recorded 10.4 million sq. Despite the record level of construction, Canadian markets continue to build at conservative levels with the national pipeline representing just 2.3% of total existing inventory. This lifted the annual total to the 2nd highest level on record to 35.8 million sq. WebAccording to CBRE Labor Analytics, the Atlanta MSA has 123,993 warehouse workersa workforce that is expected to grow by 16% by 2030. Vancouver leads industrial sale prices in Canada with an average of $650.00 per sq. Although leasing activity remains strong, some companies may put decisions on hold as they wait to see how inflation impacts the market. Rents rose in every market across Canada with growth led by Montreal, the Waterloo Region and Toronto, which all saw annual increases of over 30% in 2022. ft. of positive leasing activity in 2022. With more than 100,000 professionals in over 100 countries, CBRE is the global leader in commercial real estate services and investment. By Russell Wills & Bella Hahn. Move into your first office, find a new one with room to grow, or develop a complete location strategy. Summary and analysis of Atlanta's current economic and industrial real estate market conditions. CBRE Research prepares local Edmonton MarketViews on the office, industrial and the retail sectors. The key sectors of services and manufacturing) led the growth.An 18.3% growth in private consumption reflected increased, Property Market Performance 1H 2022 ECONOMIC OUTLOOK The Malaysian economy is projected to improve further in 2H 2022 supported by firm domestic demand as well as external demand. With a large influx of new supply expected to enter the market in 2023, further rental rate growth is expected due to the high associated construction costs of new builds in many markets. New supply provided limited relief to some markets in 2022, with Ottawas availability rate rising 90 basis points (bps) year-over-year while the Waterloo Region, London, Vancouver and Montreal recorded minor increases as well. There appears to be no stopping Atlanta's industrial potency heading into the new year. Upcoming regulations in the European Union require us to show this pop-up and ask you to agree to keep using Bisnow.com. One such delayed project looks to beCBRE's new Dallas headquarters, whichappearsno closer to getting underway than it did in February 2022, when it was scheduled to break ground. Generally the personal information we collect from you are for the purposes of dealing with your inquiry. As a result, the availability rates in Calgary and Edmonton fell 220 bps and 150 bps in 2022, respectively. Just hit yes and continue on your way. 3Q 2021: -4.5%) in 3Q 2022, led by key sectors of services, construction and manufacturing. All rights reserved. As a result, markets saw little relief to tight conditions and the national availability rate eased just slightly. WebAtlanta Market Reports. Market conditions remain tight across Canada with the national availability rate easing slightly to 1.6% in Q4 2022. Toronto led activity in Q4 2022 with 4.7 million sq. Average warehouse rents surpassed the $5/sf mark for the first time ever. You have this very human thing with sellers being ready to sell and buyers being ready to buy, with capital sitting on the sidelines for a long time, Sulentic said. WebThis report is a one-page summary of our expectations for the Atlanta Industrial market looking forward from the end of 2018. Rental rates have remained steady and construction activity has maintained an upward momentum. CBRE projects double-digit revenue growth from GWS again in 2023, Sulentic said on the call. ft. in Q4. CBRE Research prepares Canadian MarketViews on office, industrial, retail, investment and multi-housing sectors and other specialty reports. 27% of the space currently underway is preleased. Construction activity ended the year at a record 42.8-msf. Industrial Lands. ft. of projects currently under construction. Atlantas industrial market remained tight in Q4 even as the overall vacancy rate inched up to 3.3% from 3.1% during the previous quarter, mirroring the U.S. average. Enter your email below. Asset management fees, up 2% (12% local currency), were the primary growth catalyst. The improving labour market and reopening of international borders will continue to stimulate further growth. A record amount of new supply was delivered in Canada this quarter, with a total of 12.7 million sq. With more than 100,000 professionals in over 100 countries, CBRE is the global leader in commercial real estate services and investment. With talk in the market that maybe the recession won't be as bad as we thought, things start to shake loose a little bit, and as soon as one or two buyers go into the market, others start to get into the market because they're afraid they'll be left behind.. 3Q 2021: -4.5%). Investment Management Revenue edged up 3% in local currency but fell 6% in U.S. dollars to $140 million. All markets, with the exception of Edmonton, set new historical highs for net asking rental rates in Q4 2022. Marketbeat analyzes quarterly market ft. or larger accounting for 91.2% of the new industrial inventory. Subscribe to Bisnow's National Newsletters. UPDATE, FEB. 23, 5 P.M. Amid persistently tight market conditions, the industrial development pipeline has risen to a new record level of 44.6 million sq. We're not asking for your money. The Atlanta office market is also seeing an upward trend in available sublease space, as if companies are testing putting space on the market before fully committing to vacate the space. Construction activity ended the year at a record 42.8-msf. U.S. Industrial MarketBeat Reports. Atlantas industrial tenant demand resulted in positive absorption in the fourth quarter of 2022, tallying 5.5 million square feet, down from 7.5 million square feet in the previous quarter, and up from 3.7 million square feet one year ago. All rights reserved. Vacancy also reached a record low, ending the year at 3.4%. ft. in Q4 2022, lifting the annual total to the 2nd highest level on record. The average wage for non The Atlanta industrial market bolstered its Q1 numbers by finishing the first half of the year at +10M in square feet of absorption. CBRE expects to grow its investment in office in at least one way: Industrious, in which itpurchased a 35% equity stake in 2021. The companydoesn't project the office leasing market to improve anytime soon and will only develop build-to-suit projects in office until further notice, Sulentic said. ft., respectively. ft. We need you to know that security is our top priority and that we hold any information we have about you under lock and key. ft. of new product entering the market in Q4 2022. Get in-depth office market reports and insights from commercial real estate experts in the Greater Atlanta area. CBRE is the global leader in commercial real estate services and investment. All Rights Reserved. Unlock the value in every dimension of your real estate with integrated, data-led services that support your overall business strategy. Warehouse and distribution industrial properties led with the majority of tenant movements, accounting for demand growth of 5.4 million square feet. His experience in all phases of the building cycle provides his clients with a unique perspective and helps them to identify opportunities regardless of the market conditions. CBRE Research prepares local Winnipeg MarketViews on the office, industrial and the retail sectors. CBRE Research prepares local Ottawa MarketViews on the office, industrial and the retail sectors. Atlantas office market demonstrated strong tenant demand in the fourth quarter of 2022 with 263,000 square feet of absorption gains, down from 511,000 square feet the previous quarter and up from 48,981 square feet of negative absorption one year ago. CBRE Research prepares local London MarketViews on the office, industrial and the retail sectors. Find your next opportunity on the worlds leading commercial real estate services and investment team. Copyright document.write(new Date().getFullYear()) CBRE. CBRE predicts that total investment volume in 2023 will fall by about 15 percent from last year but adds that as Federal Reserve policy and economic conditions become more predictable around midyear, we expect investment lending activity to recover. Money and markets Neither Sulentic nor Giamartino commented specifically on where reductions have been made on the call. Every market in Canada recorded positive net absorption in Q4 2022, with the exception of the Waterloo Region which only saw a minor decline in the quarter. WebGroundbreakings will decline by more than 50% in early 2023 due to construction financing challenges and economic uncertainty. The CBRE report found that traditional retail and wholesalers powered 53 of the 100 top U.S. industrial deals as companies sought to accommodate e-commerce Summary and analysis of Atlanta's current economic and industrial real estate market conditions. All industrial product subsets saw increases in positive absorption in the fourth quarter of 2022. Pre-leasing activity remains strong with 56.9% of the 20.3 million sq. WebAtlanta Industrial Market Outlook 2019 (SEOR) | CBRE Atlanta Industrial Market Outlook 2019 (SEOR) This report is a one-page summary of our expectations for the Atlanta The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Class A properties were responsible for 247,000 square feet in positive absorption, down from 545,000 square feet the previous quarter and a loss of 238,000 square feet one year ago. ft. delivered year-to-date 2022, the development pipeline continues at a frantic pace with over 44.8-million Baltimore Industrial Insight | Q4 2022 | JLL Research, Greensboro Industrial Insight | Q4 2022 | JLL Research, Long Island Industrial Insight | Q4 2022 | JLL Research, Atlanta Industrial Insight | Q4 2022 | JLL Research, Boston Industrial Insight | Q4 2022 | JLL Research, Broward Industrial Insight | Q4 2022 | JLL Research, Central Valley Industrial Insight | Q4 2022 | JLL Research, Charleston Industrial Insight | Q4 2022 | JLL Research, Charlotte Industrial Insight | Q4 2022 | JLL Research, Chicago Industrial Insight | Q4 2022 | JLL Research, Cincinnati Industrial Insight | Q4 2022 | JLL Research, Cleveland Industrial Insight | Q4 2022 | JLL Research, Columbus Industrial Insight | Q4 2022 | JLL Research, Dallas-Fort Worth Industrial Insight | Q4 2022 | JLL Research, Denver Industrial Insight | Q4 2022 | JLL Research, Des Moines Industrial Insight | Q4 2022 | JLL Research, Detroit Industrial Insight | Q4 2022 | JLL Research, East Bay Industrial Insight | Q4 2022 | JLL Research, Eastern and Central Pennsylvania Industrial Insight | Q4 2022 | JLL Research, Hampton Roads Industrial Insight | Q4 2022 | JLL Research, Houston Industrial Insight | Q4 2022 | JLL Research, Indianapolis Industrial Insight | Q4 2022 | JLL Research, Inland Empire Industrial Insight | Q4 2022 | JLL Research, Jacksonville Industrial Insight | Q4 2022 | JLL Research, Kansas City Industrial Insight | Q4 2022 | JLL Research, Las Vegas Industrial Insight | Q4 2022 | JLL Research, Los Angeles Industrial Insight | Q4 2022 | JLL Research, Louisville Industrial Insight | Q4 2022 | JLL Research, Memphis Industrial Insight | Q4 2022 | JLL Research, Miami Industrial Insight | Q4 2022 | JLL Research, Milwaukee Industrial Insight | Q4 2022 | JLL Research, Minneapolis Industrial Insight | Q4 2022 | JLL Research, Nashville Industrial Insight | Q4 2022 | JLL Research, New Jersey Industrial Insight | Q4 2022 | JLL Research, New York Industrial Insight | Q4 2022 | JLL Research, North Bay Industrial Insight | Q4 2022 | JLL Research, Orange County Industrial Insight | Q4 2022 | JLL Research, Orlando Industrial Insight | Q4 2022 | JLL Research, Palm Beach Industrial Insight | Q4 2022 | JLL Research, Phoenix Industrial Insight | Q4 2022 | JLL Research, Pittsburgh Industrial Insight | Q4 2022 | JLL Research, Polk County Industrial Insight | Q4 2022 | JLL Research, Portland Industrial Insight | Q4 2022 | JLL Research, Richmond Industrial Insight | Q4 2022 | JLL Research, Sacramento Industrial Insight | Q4 2022 | JLL Research, Salt Lake City Industrial Insight | Q4 2022 | JLL Research, San Antonio Industrial Insight | Q4 2022 | JLL Research, San Diego Industrial Insight | Q4 2022 | JLL Research, San Francisco Mid-Peninsula Industrial Insight | Q4 2022 | JLL Research, San Francisco Industrial Insight | Q4 2022 | JLL Research, Seattle-Puget Sound Industrial Insight | Q4 2022 | JLL Research, Silicon Valley Industrial Insight | Q4 2022 | JLL Research, St. Louis Industrial Insight | Q4 2022 | JLL Research, Tampa Bay Industrial Insight | Q4 2022 | JLL Research, Washington DC Industrial Insight | Q4 2022 | JLL Research, West Michigan Industrial Insight | Q4 2022 | JLL Research, Austin Industrial Insight | Q4 2022 | JLL Research, Savannah Industrial Insight | Q4 2022 | JLL Research, Contact us - Real Estate Industry Services | JLL. Overview. In accordance, vacancy increased by 40 basis WebFind the ideal properties that suit your need from the selections that include commercial, residential, industrial or lands. Class B properties had 29,000 square feet in positive absorption, up from a loss of 2,000 square feet the previous quarter and down from 159,000 square feet one year ago. The Vancouver market currently commands the highest rents in Canada, averaging $20.83 per sq. For more information about how JLL processes your personal data, please view ourprivacy statement. In addition to his experience on the agency side, Harrison focuses on site selection, identifying development opportunities for both owners and users as they look to expand their footprint in the Atlanta MSA. He has served as a single point of contact to a variety of institutional owners including private and public REITs, pension funds, insurance companies and developers. Note you are now viewing the Colliers United States website. Atlantas overall industrial average increased 10% YOY. All rights reserved. Klang Valley, Property Market, 4Q 2022 ECONOMY / KEY INFRASTRUCTURE UPDATES The Malaysian economy continued its growth trajectory of 14.2% (cf. Domestic demand improved as the Governmental continued to support the labour market and external global demand. Speculative construction continues to drive industrial development in Canada, accounting for 78.3% of the total pipeline.
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