
Big Shed Prospects: The Bear View
"An economic soft landing remains the most likely outcome, but significant risks remain in place."
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"An economic soft landing remains the most likely outcome, but significant risks remain in place."

"With our bull, bear, and rental growth cases presented along with insight from our agency teams, what are the key takeaways?"

"Demand rises in first half of the year as take-up of existing units set to drive a fall in vacancy into 2025"

"Speculative completions and growth in second-hand space increase supply by 26%, yet BTS transactions rise 108% on levels seen in H1 2023"

"The region is well positioned for future rental growth, with just 1.16 years’ worth of supply available based on the five-year annual average take-up"

"Supply falls from peak of 6.56m sq ft in recent months as deals complete"

"Vacancy rate remains low at 6.37%; 1.14 years’ worth of supply left"

"Take-up has already surpassed long-term annual average by 27%"

"Vacancy rate at 7.05%; 28% of supply is within one large unit"

"Vacancy rate falls to 4.28%; forecast to drop to 3.92% by Q4 2024"