Even though sales are declining, the industrial market is still solid and still has the opportunity to continue to recover
Industrial land sales in Q3 contracted quite deeply with transactions less than half of last year's. However, we still see an opportunity for this sector to continue to grow, especially in the short term, because there are still several potential transactions that may occur. The industrial sector is still an attraction in the property industry. It performed better than other property sectors, mainly supported by the high-tech industry (data centre and electric vehicle), as well as warehousing, logistics, food, health, and consumer goods.
The revival of this sector must be anticipated with the availability of sufficient land because the need for large properties can occur at any time. In addition, the area must be able to anticipate the needs of industries that require large energy sources such as data centres, as well as high demand for clean water and of course infrastructure that can support technology-based industrial operations.
