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CBRE sees business park space crunch post-2016
No new developments planned; Q2 vacancy rate falls, with higher demand from pharma, tech firms
Add BT as a preferred sourcePublished Thu, Jul 2, 2015 · 09:50 PM
Singapore
WITH no new developments planned beyond 2016, the business park sector could face tighter vacancy and possibly an undersupply in the future, according to CBRE Research.
Already, islandwide vacancy rates for business parks have fallen to 9.1 per cent in the second quarter of this year, from 10.4 per cent in Q1.
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