According to a market report by Colliers, the local industrial rental and price indices marked their 11th consecutive quarter of growth in 2Q2023. The rental index increased 2.1% q-o-q, slowing down from the 2.8% q-o-q growth recorded in 1Q2023. Similarly, the price index increased 1.5% q-o-q in 2Q2023, mirroring the performance in the previous quarter.