Retail vacancy rate rises to 6.8% in Q1

Retail space prices also increased by 1.9%.

The vacancy rate in the retail space increased to 6.8% in the first quarter of 2025 (Q1 2025), according to the Urban Redevelopment Authority.

Retail space prices increased by 1.9% in Q1 2025, and rentals slipped by 0.5% during the same period.

As of the end of Q1 2025, there was a total supply of about 524,000 square metres of gross floor area (GFA) of retail space in the pipeline, compared with the 545,000 sq. m. GFA in the previous quarter.

Meanwhile, the amount of occupied retail space decreased by 12,000 sq. m. (nett). At the same time, the overall stock of retail space increased by 30,000 sq. m. (nett).

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