Singapore business park rents
Business park rents in this Singaporean submarket rose for the first time since 2018
Rents grew 1.4% in the last quarter of 2022.
Business park rents in this Singaporean submarket rose for the first time since 2018
Rents grew 1.4% in the last quarter of 2022.
Singapore business park vacancy rate rises to 16.8% in Q4
Supply still outpaced demand during the quarter.
Singapore prime business park rents inch up 0.7% in Q2
The vacancy rate was at 14.9%.
Singapore business park submarkets register widening rental gap
City Fringe monthly rents are at $6psf whilst Rest of Island are at $3.65psf.
Why it is still challenging to find tenants in Singapore’s business parks
The vacancy rate in the East Planning Region business parks increased to 21.5% in 4Q21.
Singapore prime business park rents up 0.7% to S$5.80 per sq ft in Q3
This is a result of improving occupancy levels.
Singapore business park rents slip 0.9% in Q3
Savills expects rents of outlying business parks to bottom out soon.