Photo courtesy of Simon Zhu.

Industrial leasing slows as global trade activities plunge in July: JLL

Global trade is negatively affecting leasing demand for industrial space.

Industrial property leasing market slowed in July as trade activities are hampered by weakening global demand for goods, according to JLL.

Hong Kong’s total import and exports declined 9.9% and 8.9% in July compared to a year earlier, according to data from the Census and Statistics Department.

“Given the rising uncertainties in the external environment, tenants adopted a more cautious approach towards their leasing plan,” the real estate company said in a report.

Notable deals include Alba Integrated Waste Solutions committing 12,000 sq ft at Eastern Factory Building in Kwai Chung, which JLL called “a rare case of new letting.”

The industrial property leasing market's performance is in direct contrast to Hong Kong's retail leasing market, where a recovery is expected.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!