Tight vacancies and dwindling supply is creating the perfect storm for the “rent-a-demic” emerging in both the industrial and residential sectors, experts warn.

It marks a pivotal shift in the market this year, according to CBRE head of research Sameer Chopra, who says construction cost escalation and delays in delivery of pipeline stock are constraining supply. 

CBRE’s latest research points to something much more than the usual fluctuations in rental demand, prompting warnings of what it’s calling a ‘rent-a-demic’ in residential markets in its latest Pacific Market Outlook report.