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Industrial space prices, rents soften in Q3: JTC

With weak manufacturing outlook and a supply glut, landlords are expecting softening trend to continue
Friday, October 23, 2015 - 05:50
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The upcoming supply of industrial space this year is expected to exert further downward pressure on occupancy rates, said JTC on Thursday.

Singapore

PRICES and rentals of industrial space continued to soften in the third quarter of 2015, pressured by a weak manufacturing outlook and weak exports, on top of an existing supply glut.

According to JTC statistics released on Thursday, overall industrial prices fell 0.3 per