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Business park rents grow 2.1% in 1Q24

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pstrongRents, however, may soften amidst elevated vacancies./strong/p pBusiness park rents recorded their fastest growth since 2Q17 in 1Q24, increasing by 2.1% QoQ./p pIn a report, Colliers attributed the pace of increase to newer and better-located business parks.

Business park rents recorded their fastest growth since 2Q17 in 1Q24, increasing by 2.1% QoQ.Colliers, however, said there could be a softening of rents as vacancy remains elevated, especially in the outlying and older business parks,"Overall, demand for business park spaces remained muted, with more renewals and occupiers right-sizing," Colliers said.

Colliers, however, believes leasing activity may pick up with new supply coming on stream in the later part of the year....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

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