Industrial

Total annual leasing volume increased 18.8% to 13,081 transactions during the year.

There are still a large number of dilapidated industrial buildings in the Comprehensive Development Area.

3PL and e-commerce industries are strong demand drivers.

The lack of tenant diversification is one.

Cap rates have compressed significantly over the past few months.

Business parks and functionally obsolescent properties will be upgraded to meet the growing demand.

Singapore ranked as the region’s top data centre market.

The most preferred urban facility size is 1,000 to 5,000 square metres.

Leasing activity reached 2 million sq ft in the second half of the year.

Transaction volume reached 4.1 million square feet.

The average self storage occupancy of over 80% is one of the highest in Asia. 

Stock is predicted to increase by 17% between 2021 and 2022.

Rents rose by 3.9% in 2021.

Majority of the tenancies were for smaller-sized deals from SMEs.

The West precinct accounted for 73% of the total activity in Q3 2021.

Rent in the South East are lower than that of other submarkets.