Better prospects for warehouses this year

Singapore

AFTER pulling off a reasonably resilient performance in 2020 amid a full-blown pandemic, warehouses could see rents pick up in 2021.

However, the performance across the industrial market may vary, with rents for certain segments, such as multiple-user factory space, possibly coming under pressure due to economic uncertainties, according to NUS' Institute of Real Estate and Urban Studies (IREUS).