Read our latest report for insights into the industrial market, property trends and outlook, as well as expert recommendations for occupiers and investors in Singapore.
- In Q1 2022, industrial rents continued their sixth consecutive quarter of growth, rising by 1.0% QOQ, the strongest quarterly growth since Q3 2013. Correspondingly, industrial prices followed the same upward trajectory, rising by 3.1% QOQ, the strongest quarterly growth since Q1 2014.
- However, overall vacancy rose 0.4 pp due to new completions picking up significantly, leading to the increase in supply exceeding new demand.
- With the robust supply pipeline, occupiers not in urgent need of space could wait for more options to come to market.
- Colliers recommends landlords to be more flexible in rental negotiations, while investors or developers could upgrade or redevelop older assets to meet the demand for higher specification industrial space.
Download our latest report for insights into quarterly trends and the industrial market outlook for the year ahead.