The absorption of industrial space in the US fell by nearly 60 per cent on year in the first quarter, reflecting the shock wave ripping through the global economy in the wake of the US-China trade war, according to Cushman & Wakefield.The property consultancy cautioned the factors driving the drop in demand were not clear, as it could be either the trade war or the tendency for companies to overstock ahead of the first round of tariffs imposed on Chinese-made goods by the Trump Administration…
Source : South China Morning Post
Read more…Collapsing demand for US logistics property shows ‘the pain of trade war’, says Cushman & Wakefield















