Industrial rents to rise in '14: DTZ

INDUSTRIAL rents will continue an upward trend, which started in the fourth quarter of 2013, in the year ahead, even as sales volumes and prices stagnated, said property consultancy DTZ.

This is because of an uptick expected in manufacturing activity and a "moderate supply" of available space coming onstream this year, it said in a report released yesterday.

The manufacturing sector grew 3.5 per cent year- on-year in Q4 last year, advance estimates from the Ministry of Trade and Industry showed last week, and is expected to gain further with the slight pick up in the global economy expected this year.