News

Commercial Property

Staff Reporter

, Singapore

Published:

1 year ago

/JTC Savills Research and Consultancy

Chart of the day: Leasing volume for factory, warehouses down 10.4% in Q2

It ended the seven consecutive quarters of increase since 2020.

A chart from Savills revealed that the leasing volume for factories and warehouses went down 10.4% year-on-year in the second quarter (Q2) of 2022, which marked the end of seven consecutive quarters of increase reported since the third quarter of 2020.

Savills reported only 3,028 transactions in Q2 2022 on the back of reduced tenancies signed for single- and multiple-user factory segments, which declined 7.1% and 14% YoY, respectively.

Warehouse sector was the only segment that reported higher leasing numbers, up by 7% YoY.

This was due to an increasing demand from e-commerce and third-party logistics firms.

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Savills

Chart of the Day

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