Warehouse rents in Asia-Pacific hold steady on e-commerce demand: Knight Frank
Prime warehouse rents in Singapore have held steady in H1 2020, declining only 0.6% to S$1.80 psf pm from H2 2019
Singapore
THE first half of 2020 largely turned out to be a "resilient" period for Asia-Pacific warehouse markets; and expectations are for this sector's rents in Singapore to remain stable till the rest of the year, according to the latest research by property consultancy Knight Frank.
Prime warehouse rents in Singapore generally held steady in H1 2020, declining only 0.6 per cent to S$1.80 per square foot per month from H2 2019, Knight Frank said.
TRENDING NOW
Fed hike throws Singapore banks a margin lifeline; UOB most likely to feel impact
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Real-estate veteran Desmond Sim quits from CEO roles at Realion, ETC
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part
