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The industrial vacancy rate has moved only slightly from Q1 2015, implying stable levels of industrial property demand attributable to trade activity.
The eastern and northern nodes are dominating the market at the moment, holding much of the newer and larger logistics units – an advantage for rental growth.
Construction and utilities, which have both seen moderate improvements in employment of late, could ease the pressure on trade performance as a driver of activity in the sector.
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11 August 2015