Business park vacancy holds at 23% in Q3

It was driven by stronger take-up in the East Planning Region.

Singapore’s islandwide business park vacancy rate stayed largely unchanged in the third quarter of 2025 at 23%, according to Savills’ Q3 2025 Singapore Industrial Briefing report.

The marginal improvement was driven by stronger take-up in the East Planning Region, particularly at Changi Business Park.

Business park and high-specification industrial rents weakened. Prime business park rents fell 1.6% quarter-on-quarter to $6.29 per square foot, ending a three-quarter growth streak.

Standard business park rents were unchanged at $4.13 per square foot. High-spec industrial rents fell 1.0% to $3.94 per square foot after a brief rebound in the second quarter.

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