Market Insights

The industrial sector continues to be supported by historically high rental rates, limited availability of modern facilities, and sustained investment tied to manufacturing, logistics, and energy-related users. Demand for well-located, functional industrial space remains strong, underscoring the region’s competitiveness and long-term growth potential.

The office market is showing early signs of stabilization as obsolete inventory is removed, sublease space declines, and tenants increasingly prioritize high-quality, well-located buildings. While challenges remain, particularly in older properties, leasing activity and owner-occupier interest are helping rebalance the market.

Retail performance remains strongest in established corridors, where consistent leasing activity, redevelopment of formerly vacant spaces, and targeted new construction continue to reinforce neighborhood and necessity-based retail demand. Prime locations are outperforming the broader market, reflecting disciplined expansion by retailers and continued consumer engagement.