Prime logistics rents climb 6.8% in H1, second‑highest in Asia‑Pacific

Vacancy stood at 10.6%.

Singapore's prime logistics rents rose 6.8% year on year in the first half of the year, reaching $2.99 per square foot (psf) per month, according to Knight Frank.

The city-state ranked second in Asia-Pacific for annual rental growth, behind only Brisbane's 10.4%.

“Rental growth stabilised in H1 2026 after a strong 2025 uplift, with market conditions described as balanced,” the report said.

Knight Frank noted that the supply pipeline shows 2 million square feet scheduled for 2026, rising sharply to 3.5 million square feet in 2027.

Vacancy stood at 10.6%, with the 12-month outlook pointing to further rental increases and rising vacancy.

Regionally, Asia-Pacific logistics rents rose 1.2% half on half in the first half, with 15 of 18 tracked cities recording stable or increasing rents YoY.

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