Industrial rents climb 1.5% in 1Q2023, new supply erodes occupancy to 88%
In 1Q2023, the overall occupancy rate for Singapore’s industrial property market fell to 88.8%, down 0.6 percentage points compared to the previous quarter and a decline of 1.0 percentage points compared to the same period a year ago, as reported by JTC’s latest quarterly market report. The fall in occupancy is mainly attributed to new […]