• Class A industrial stock closed Q4 2020 with 38.6 million sq. ft., which indicates 13% growth versus Q4 2019. This increase represents slightly more than 4.4 million sq. ft.
  • Motivated by the new supply, the vacancy indicator closed 2020 at a rate 2 percent higher than what was reported at the end of 2019, going from 3.8% to 5.7%, i.e. 2.3 million sq. ft. vacant.
  • Due to the exchange rate and the supply in national currency, the asking price in Q4 2020 was US$5.45 per sq. ft. per year, which is slightly higher than the $5.12 reported in Q4 2019.