Composition of industrial space counts: consultants

[SINGAPORE] The amount of industrial space expected to come on-stream is double that of annual average demand. But while this supply is broadly welcome, more can be done to re-align this with what business needs, consultants said.

According to JTC Corp's figures, an average of 2.1 million square metres (sq m) of industrial space is expected to hit the market annually over the next three years. Of this, about 28 per cent is multiple-user factory space. The remaining space is mainly single-user factory space (37 per cent) and warehouse space (25 per cent). Some business park space will also be built over the next three years.

But consultants warn that this could result in a supply glut, and instead call for a more targeted approach.