Despite a recent improvement in some near-term demand indicators, even the most optimistic forecaster in the consensus only expects nominal industrial rents to be 1% higher at end-2013 than they are now. The weight of evidence, however, suggests that analysts are not unduly pessimistic and that forecast upgrades would be premature. Given the weak economic outlook and still-high vacancy rates, we continue to expect industrial rents to fall by 3% to 4% this year and 1% next.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services