Overall vacancy in Hong Kong industrial market dips to 0.4% in Q2

While rents remained on the rise.

In Hong Kong's industrial market, overall vacancy edged down 20bps to 0.4 percent during the second quarter of 2014.

According to a report from CBRE, rents, meanwhile, remained on the rise as landlords maintained their strong position in the prevailing low-vacancy environment.

The report also said that the leasing market continued to be handicapped by a lack of available space to accommodate sustained demand from retailer and third party logistics tenants.

Lastly, continued growth of retained imports (5.9% y-o-y growth in Q1 2014) provided a strong platform for warehouse demand.