• The average asking lease price was US$4.66 per sq. ft. per year, which has remained stable and unchanged from the previous year.
  • New supply for Q2 2020 recorded 1.4 million sq. ft., and the stock reached 113.8 million sq. ft.
  • Construction recorded 4.3 million sq. ft., a 14% decline compared to the previous quarter due to new supply and the current contingency. Two speculative warehouses began construction during this quarter.