News

Commercial Property

Staff Reporter

, Singapore

Published:

16 days ago

Chart from JTC

Industrial space rentals climb 1.7% QoQ in 1Q24

Year-on-year, it rose 7.8%.

The rental index of all industrial space rose 1.7% QoQ and 7.8% YoY in 1Q24, data from JTC showed.

All industrial assets also reported a rental index increase, led by multiple-user factories, which saw an 8.9% YoY increase. On a QoQ comparison, however, multiple-user factories had the smallest increase at 1.3%.

Single-user factories (6.1% YoY) and Business Park (5.0% YoY) posted the highest QoQ increase amongst asset types, both at 2.1%, followed by warehouse (2.0% QoQ; 7.5% YoY).

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