Prices, rentals of industrial space to remain under pressure this year

Singapore

PRICES and rents of industrial space are expected to remain under pressure this year, as economic headwinds prevail, although certain segments of the market may prove more resilient.

In the second quarter, prices declined by 1.7 per cent year on year and 1.1 per cent quarter on quarter, weighed down by the multi-user factory segment, the latest market report from JTC Corp showed.