singapore industrial rents

There is an average annual supply of 1.0 million sqm coming onstream between 2024 to 2026.

In 3Q23, prices rose 6.2% YoY, whilst rentals increased by 9.3% YoY.

The distribution per unit (DPU) grew to 9.944 cents.

Macroeconomic uncertainties are pushing industrialists to diversify locations.

Occupancy level grew 91.4% in the second quarter of 2022.

Rental indices for factories went up 2.1% quarter-on-quarter.

Both grew by 1.5% QoQ.

Rents for the segment rose 7.0% YoY and 2.7% QoQ.