Industrial rental growth decelerates to 2.1% QoQ in 2Q23

Higher supply will continue to moderate rental growth, said Colliers.

The industrial market’s rental index rose anew in 2Q23, albeit at a slower pace.

Data from Colliers showed that rents grew 2.1% QoQ in 2Q23, decelerating from the 2.8% QoQ growth in the previous quarter.

Amongst types of industrial properties, warehouses recorded the highest rental growth (5.7% YoY), followed by higher specification industrial assets (3.7% YoY), and factories (2.4% YoY).

Colliers said “higher supply” will continue to moderate rental and price growth in the market.

This year, there’s a remaining supply of 6.7 million square feet (sf). Until 2025, there will be an average supply of industrial space of 10.5 million sf.

“Supply is expected to stay ahead of demand, which could also provide more options for occupiers,” Colliers said.

Follow the link for more news on

Colliers

singapore industrial leasing

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.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia