Chart of the Day: Occupancy rates of private industrial spaces remained flat in Q3

Single-user factories and business parks posted the highest climb at 0.3 ppt.

This chart from EDMUND TIE shows that the occupancy rates of private industrial space for most types were relatively steady in Q3 2019.

Slight improvements in rates were observed across most industrial types, with single-user factories and business parks recording the highest growth at 0.3 ppt QoQ. Occupancy for multiple-user factories edged up 0.1 ppt, whilst occupancy for warehouses dipped 0.5 ppt.

Net supply for single-user factories rose from 1.1 million to 2.3 million sqft, as well as for warehouses from 0.7 million to 1.1 million sqft for the quarter. However, net supply for multiple-user factories remained in the negative zone at 22,000 sqft. There was no new business park space supply.