‘High demand’: Goodman upgrades guidance as assets hit $80b
Surging rents, near 100 per cent occupancy rates and a shortage of supply relative to demand will prevent any slide in prime industrial property values as interest rates and inflation rise, says Goodman Group CEO Greg Goodman.
As the developer, operator and manager of $80 billion of logistics assets in key cities around the world defied global economic ructions with a ninth straight earnings upgrade at the half-year mark, Mr Goodman said industrial rental growth was the strongest he had seen in his 35 years in the business.
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