Industrial Rental

Q4 could see 6-8% decrease in industrial rents

Average industrial rents island-wide could fall 6-8 per cent year on year in the fourth quarter of 2016, as industrialists take bold consolidation and relocation steps to cope with challenging business conditions, said a Knight Frank report released on Friday. Rentals have fallen 4.4 per cent cumulatively for the first half of this year, according to official data from JTC. Tan Boon Leong, executive...

Prices, rentals, occupancy rates for industrial space decline further in Q1 2016

Prices and rentals for industrial space in Singapore fell further in the first quarter of 2016, declining by about 5 per cent compared to the same period a year ago, according to figures released by JTC. Occupancy rates fell in tandem during the quarter, declining 0.6 per cent from the previous quarter. The national principal developer and manager of industrial estates said on Thursday (Apr 28) that...

Factory rents fell in Q4, will likely weaken further: DTZ

A WEAKER manufacturing sector and excess supply put a dent in average monthly gross rents for factory space in the fourth quarter of 2015, property consultancy DTZ said in a press release on Tuesday. It added that with 4.6 million sq ft of multiple-user factory space coming into the market in 2016 amid a softer economic environment, it expects industrial rents to "trend downwards" this year. Average...

Industrial property prices, rents continue to fall: JTC

The prices and rentals of industrial space in Singapore have continued to soften, following an increase in supply of industrial land and space by the Government, according to JTC in its quarterly market report released on Thursday (Jul 23). Overall, the prices of industrial properties fell 0.9 per cent year-on-year in the second quarter of 2015. The prices of multiple-user factory space saw a 2.3 per...

JTC improves industrial property indices to better reflect market landscape

JTC Corporation has revised the methodology it uses to compile price and rental indices for industrial property in Singapore, in a move to provide more comprehensive data coverage and introduce greater transparency into the market. The revisions include expanding the indices’ geographical coverage to the whole of Singapore, from just the central region previously. The indices now also include new...

Weak demand hits industrial rents, but business parks boom: DTZ

Weak demand for conventional factory space, coupled with a big injection of supply to existing stock, contributed to falling rents for industrial space in the fourth quarter of last year, said property consultancy DTZ Research on Monday (June 1). Demand for space in business parks and high-tech industrial facilities, on the other hand, continued to rise, underpinning rents for this sector, it said,...

Rental growth for office space set to moderate in 2015: Analysts

Office rentals have been pushing higher in 2014, with tight supply pushing rentals up by more than 10 per cent. Consultancy Jones Lang LaSalle (JLL) projects that rentals at office buildings in the Central Business District (CBD) - including Marina Bay, Shenton Way and Raffles Place - could grow by some 16 per cent, driven primarily by the tight supply of new office space in Singapore. Looking into...

Industrial land prices, rentals fall in Q3: JTC

Industrial land prices and rentals have continued to moderate in the third quarter of this year, according to the latest quarterly report on industrial properties by JTC. Industrial land prices in the third quarter fell 0.9 per cent from the previous quarter, following a 0.7 per cent rise in the previous quarter. However, on a year-on-year basis, prices edged up 0.2 per cent. In the multi-user...

Prices, occupancy of industrial space decline in Q2

Prices and rentals of industrial space continued to moderate in the second quarter, as industrial occupancy rates continued to fall, according to a quarterly report by JTC. Released on Thursday (July 24), the report said industrial occupancy rates in the second quarter fell by 0.9 percentage point from the previous quarter to 90.7 per cent – the lowest level since late 2007. For multiple-user factory...

Industrial rents may fall 7% to 10%: DBS Vickers

The Republic's industrial sector is near a tipping point, and rents are expected to decline 7 to 10 per cent over the next two years on rising vacancy rates, DBS Vickers said in a research report yesterday. Lower completion of new industrial space over the last few years had resulted in record low vacancy levels and a strong surge in industrial capital values and rents since the start of this...

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