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Prices, rents of industrial space stable in 2019; new supply to rise significantly this year: JTC

An average annual supply of 1.2m sq m of space will come onstream in the next 4 years

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Of the new supply in 2020, 39% will be in the single-user factory segment, 39% in the multiple-user factory segment, 15% in warehouse space and 7% from business parks, says Colliers.

Singapore

PRICES and rents of industrial space remained relatively stable in 2019 despite the headwinds, while the occupancy dipped 0.1 percentage point.

However, 2020 will bring an uptick in new supply, which could affect the performance of certain segments of the industrial...

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