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The retail sector has contributed to continued activity in the logistics and warehousing sector, stimulating demand for industrial accommodation. Investor confidence has grown despite economic challenges, resulting in the rise of a number of speculative developments breaking ground. Average rentals experienced a 2.8% y/y decline in the overall market in Q1 2016, with the southern and western nodes driving much of the decline. Public sector initiatives are reaffirming investor confidence in the city and businesses can look forward to improving efficiency in the city.
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17 May 2016