RIYADH: Warehouse rents in Riyadh rose by 20 percent in the first half as the city accommodated the growing demand for specialized stockrooms thanks to the e-commerce boom, according to Knight Frank.
The London-based real estate consultancy revealed that warehouse rents in the Kingdom remained upward as they climbed 15 percent in Jeddah and 20 percent in Riyadh over the last 12 months.
“For developers, the industrial market is their oyster given that the most sought-after stock — high quality, internationally specified warehouses — remains in short supply,” said Faisal…
