COMMERCIAL PROPERTY | Staff Reporter, Singapore

Chart of the Day: Private industrial rents shrink by 0.8% in Q2

Occupancy for private warehouse space also fell to 88%.

This chart from the Ministry of Trade and Industry (MTI) shows private industrial space rentals fell by 0.8% QoQ from 0.9% decline in the previous quarter.

Occupancy rate in the private sector multiple-user factory space segment stood at 86%.

This was lower than the 87% registered in the previous quarter.

Likewise, the occupancy rate for private sector warehouse space declined from 90% to 88% in the second quarter. 

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