Industrial occupancy rate dips in Q2

The decline was due to substantial new completions.

The overall occupancy rate for the industrial property market fell by 0.2 percentage points quarter on quarter to 88.8%, according to a JTC report.

The decline was due to substantial new completions such as World Gateway 2 in the warehouse segment and JTC Space at Ang Mo Kio in the multiple-user factory segment.

Meanwhile, the occupancy rate of business parks rose by 0.8 percentage points QoQ as tenants moved into newly completed developments.

The rental and price indices of all industrial space during the period rose by 0.7% and 1.4% QoQ, respectively.

As of the end of June 2025, around 0.3 million square metres of new industrial space is expected to be completed in the second half of 2025.