Vacancy rate in retail space rises to 7.1% in Q2

Retail space prices inched up by 0.1%.

The island-wide vacancy rate of retail space increased to 7.1% in the second quarter of 2025, according to the Urban Redevelopment Authority (URA).

Retail space prices inched up by just 0.1%, and rentals increased slightly, climbing 0.9% after falling 0.5% in the previous quarter.

As of the end of Q2, there was a total supply of about 527,000 sqm of gross floor area (GFA) of retail space in the pipeline.

Meanwhile, the amount of occupied retail space decreased by 16,000 sqm (net), a larger drop than the 12,000 sqm (net) decrease in the previous quarter.

The stock of retail space increased by 6,000 sqm (net).

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Urban Redevelopment Authority

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