Industrial Report: Q2 2019
Following a slow start in Q1, industrial take-up picked up in Q2 to 8.6m sq ft, representing an 82.5% increase q-o-q and an 11.6% increase y-o-y. This brought H1 take-up to 13.4m sq ft, a 31.0% decline y-o-y.
The increase in activity in Q2 potentially demonstrated a release of pent up demand from the beginning of the year. Take-up of D&B units dominated in Q2 with 4.89m sq ft over the period. This represented a 37.8% increase y-o-y. Secondhand units saw the biggest decline in Q2 with take-up falling by 43.1% to 1.9m sq ft.