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Rents and prices on firm footing | Q3 2022 Industrial Market Report

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Colliers Research, Industrial, Industrial Sales, Industrial Leasing, Hi-tech, warehouse, factory

Despite a drop in occupancy level, industrial rents and prices in Q3 continued to experience positive growth momentum. With supply trending at an annual average of 1.2 mil sq m from now till 2025, the pace of rental and price growth could dampen going forward.

Report highlights:

  • The JTC all industrial property price and rental indices achieved eight positive quarters of growth in Q3 2022. 

  • Both price and rental index saw a QoQ increase of 2% and 2.1%, respectively.  

  • Islandwide vacancy increased to 10.3% in Q3, led by an increase in single-user factory vacancy.

  • Rents are expected to grow by between 6% and 7% for the year. Industrial prices are anticipated to grow by between 8% and 9%, on the back of increased interest in this asset class and limited supply. 

Download the report now for insights into quarterly trends and the industrial market outlook for the year ahead.  For more real estate research insights in Singapore, reach out to our expert, Catherine He.

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Colliers Research, industrial, industrial sales, industrial leasing, factory, warehouse, hi-tech

Rents and prices on firm footing | Q3 2022 Industrial Market Report

Download Report
Related Experts

Catherine He

Head of Research



Catherine started her career as an Investment Analyst at IFC, the investment arm of the World Bank group, where she participated in the screening, due diligence, financial modelling, and execution of debt and equity investments. She also managed a portfolio of investments through financial analysis and the preparation of quarterly and annual reports. After completing her MBA at INSEAD, she joined Standard Chartered Bank as a Management Associate before starting her own company in Real Estate valuation and forecasting using Machine Learning. Catherine then joined Colliers from CBRE Research. 

Catherine brings to Colliers more than 15 years of experience, primarily in real estate and investments. She has worked with market data and brokers to develop consolidated views of the real estate markets in Asia Pacific, with a focus on Singapore. She was responsible for producing key market and economic updates, forecasts, and thought-leadership papers,  contributing to business development initiatives, investment advisory proposals and client presentations.

In addition, she has drafted feasibility studies and investment recommendations for top clients which include major developers, REITs, financial institutions, family offices, and funds, as well as presented research findings in client meetings and events. As a real estate research specialist with extensive experience, she looks forward to maximising the potential of property through data driven insights. 


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Lynus Pook

Executive Director

Industrial Services


Based in Singapore, Lynus is tasked with identifying new business opportunities and developing relationships with data centre and industrial owners, occupiers, developers and investors as part of the regional industrial advisory strategy.

Lynus joins Colliers from Cushman & Wakefield, where he was Director of Data Centre & Real Estate Brokerage and spearheaded the company’s data centre operations in Singapore. With more than 12 years of real estate experience, he is a Certified Data Centre Specialist and has also managed transactions in the Technology & Telecommunication and Aviation sectors. Prior to joining Cushman & Wakefield, he also held roles at Credit Suisse Beijing and Savills Singapore.

Having joined the fastest growing real estate services company in the world, Lynus is incredibly excited to continue to build on the existing platforms of collaboration and strategy that have already been established and will look to further develop and provide market-leading solutions to accelerate the success of our clients in this dynamic sector.

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