Warehouse rents in industrial market declined 0.3 q-o-q

While overall leasing momentum slowed.

It has been noted that in the industrial market of Hong Kong's real estate sector, warehouse rents dropped 0.3% q-o-q in 4Q15.

According to preliminary figures from a research note from CBRE, further, overall leasing momentum slowed, especially for direct-ramp access buildings.

Meanwhile, aggregate trade in October and November combined fell 6.1% y-o-y on the back of worsening trade activity with China. In the first 11 months of 2015, aggregate trade fell by 3.1% y-t-d

Lastly, average vacancy of warehouse pulled back 0.4 percentage points to 2.2% in Q4