COTD: Industrial leasing declines by 8.6% QoQ in Q4 2024

The market only recorded a total of 3,020 industrial leasing transactions.

Industrial leasing activity declined by 8.6% quarter-on-quarter and 4.2% year-on-year during the fourth quarter of 2024 (Q4 2024).

The market only recorded a total of 3,020 industrial leasing transactions.

The total value of rental transactions stood at $25.9b, a decrease of 0.7% YoY and 11.2% QoQ.

Despite this, island-wide unit rents of all industrial properties generally remained stable numbers across the 25th, median and 75th percentiles.

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