Chart of the Day: Industrial upper storey rents may fall by 0.75% in Q3

Rents are largely expected to trend downwards due to weakening manufacturing and trade.

This chart from Edmund Tie & Co. reveals that industrial upper storey rents are forecasted to have fallen 0.75% QoQ between the $1.38 to $1.58 range in Q3.

First-storey rents are also projected to have fallen 0.5% QoQ to the $1.73 to $1.98 range. In contrast, city-fringe business park rents are forecasted to have risen 1% QoQ to a range between $4.35 to $4.85.

High-tech industrial rents remained the same at $2.85 to $3.05.

“Rental rates are largely expected to trend downwards on the back of weakening manufacturing and wholesale trade sectors, although the easing of NODX and PMI may indicate a possible ‘bottoming out’. In addition, the limited supply pipeline may provide some level of support to rental levels,” noted Edmund Tie & Co.

Rents for city fringe business parks rose likely due to the limited availability of suitable existing space and new supply, the report added.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Venture, Genting Singapore and Keppel Corporation showed the most growth.
Meanwhile, a record 583 non-landed homes sold for more than $2m each in the first nine months of the year.
The merger will create a flagship pan-Asia logistics and high-tech S-REIT.
It is followed closely by the identification app SingPass.
The index tracks REITs in the APAC region with higher dividend yields and positive environmental attributes.
Both companies will create training programs to support digital entrepreneurship and digital upskilling for Grab partners.
The deal is focused on M1’s network assets. 
This is a part of the Lion City's bid to become a global maritime knowledge and innovation hub.
Risks, however, are present with the financial troubles faced by the real estate sector in China. 
This comes as more Singaporeans turn to gaming in the midst of the pandemic. 
Retail sector has experienced the “most disruptions” with the changing restrictions.
The company was commended for being a global and regional sector leader in five categories.
The CEO designate said he aims to drive development in the company’s business units.   Gary Ho,  who played an instrumental role in the Initial Public Offering (IPO) of Nanofilm Technologies International Limited, has been appointed Chief Executive Officer of the company.
Analysts said strong leasing activity in Q3 played a factor.
Islandwide prime retail rents saw a dip by 0.6% q-o-q.