COTD: Industrial property leasing, rents up in Q3

Industrial leasing transactions rose 2.3% YoY in Q3.

In Q3, industrial leasing transactions reached 3,304, representing a 5.8% quarter-on-quarter (QoQ) and 2.3% year-on-year (YoY) growth, according to Knight Frank.

With the increase in leasing activity, the total value of rental transactions grew 1.6% QoQ to $29.1m.

Meanwhile, rents of all industrial properties island-wide showed marginal quarterly growth of 0.8% and 0.9% in the 25th percentile and median categories but fell 3.6% quarterly in the 75th percentile.

The median rent for multiple-user factories rose to approximately $2.50 per square foot per month (psf pm), whilst the median rent for warehouses increased to around $2.25 psf pm, and for single-user factories, to $1.75 psf pm. Business parks saw the highest median rent, reaching nearly $4.50 psf pm.

Knight Frank also stated that with improving manufacturing output and sentiment, island-wide rents for single-user factory spaces rose across all rental percentiles, increasing from $1.52 psf pm, $1.79 psf pm, and $2.22 psf pm in the previous quarter to $1.55 psf pm, $1,80 psf pm, and $2.47 psf pm in the 25th, median, and 75th percentiles respectively.

Follow the link for more news on

Knight Frank

Chart of the Day

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia