“While 2021 was the year of recovery, 2022 has been the year of unparalleled growth. Office and Industrial demand have gained momentum led by economic revival and increased occupier confidence. We are witnessing healthy leasing across office and Industrial assets through large sized deals, which contributed to half of the total office leasing and two third of the total warehousing leasing during the quarter. As occupiers fast-track their hiring and portfolio expansion plans, we might see an uptrend in rentals in the coming quarters, along with a dip in vacancy levels.”
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