Singapore retail rents rise 0.6% in Q2 as vacancy rate creeps up: URA
Prices of retail spaces up 0.8% in Q2, down from the 2.2% increase in the previous quarter
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[SINGAPORE] Rents of retail space in Singapore’s central region rose 0.6 per cent in the second quarter of 2026, swinging up from the 0.6 per cent decrease in the previous quarter.
Islandwide, retail vacancy was 6.5 per cent in Q2, from 6.3 per cent in the preceding quarter, figures released by the Urban Redevelopment Authority (URA) on Friday (Jul 24) showed.
In Q2, the amount of occupied retail space decreased by 37,000 square metres (sq m), compared with the increase of 6,000 sq m in the previous quarter.
Prices of retail space rose 0.8 per cent in Q2, down from the 2.2 per cent increase in the previous quarter.
As at end-Q2, there was a total supply of about 604,000 sq m gross floor area of retail space in the pipeline, on par with the 605,000 sq m GFA of retail space in the pipeline in Q1.
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