The GMA industrial market has posted positive absorption numbers in Q1 2020 across most of its submarkets, with availability rates currently hovering around all-time lows.

Average net rental rates in the GMA broke the $7.00 per sq. ft. mark for the first time in Q1 2020, registering an impressive year-over-year growth of 17.0%.

Industrial is expected to display greater resilience to economic shocks compared to other property sectors and emerge strongly in the longer run on the back of e-commerce driven demand, as well increased local manufacturing.