Logistics sector tops warehouse occupancy in Singapore: Colliers
It takes up 44% of occupied warehouse space; demand expected to rise with growth in regional trade, e-commerce
Singapore
THIRD-PARTY logistics (3PL) and logistics companies are the top warehouse space occupier in Singapore, according to Colliers International's latest report.
The sector, comprising freight forwarders, transport agents, supply chain and logistics support companies, delivery services, storage services and e-commerce, takes up 44 per cent of occupied warehouse space here.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
HDB resale prices up 1.8% in Q1; rental market slows down
Singapore’s private home prices up 1.4% in Q1, rents drop by 1.9%: URA
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2
Singapore office rents in central region fall 1.7 per cent in Q1 over Q4: URA
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year