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.
- 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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