COTD: Prime logistics rents to grow by 5% in 2024 amidst steady demand

This is lower than the 9.7% forecast in 2023.

Prime logistics rents are forecast to grow by 5% in 2024 amidst steady demand, significantly lower than the 9.7% forecast for 2023, according to Cushman & Wakefield.

Cushman & Wakefield also expects warehouse rents to grow by 4%, driven by steady demand and limited new supply.

Meanwhile, high-tech factory rents are expected to grow by 3% with the inclusion of new stock.

In addition, rent growth in suburban business parks may remain moderate or flat, but demand is expected to increase as rents in city fringe business parks continue to rise.

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