232 views
Photo by Chuttersnap from Unsplash

Industrial market rents rise 2.0% YoY in 3Q23

Growth eased from the previous quarter.

The Singapore industrial market rental index rose 2.0% YoY, expanding for the 12th consecutive quarter.

Rental growth, however, slightly eased from the previous quarter.
Rental growth was positive in all segments despite declining occupancies.

The price index rose by 1.4% QoQ, slightly down from the 1.5% growth in 2Q22. 

Rental and price growth are expected to moderate as global growth and weakness slows down in the manufacturing sector
Overall occupancy declined by 0.2% QoQ as new completions came onto the market.

Supply between 2024-2026 will continue to ramp up, with an average annual supply of 1.0 mil sqm.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Exclusives

Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.
Choosier Asia buyers steer auctions toward rare art
Collectors are bidding harder for works with clear ownership histories.