Prime logistics continued to grow by 0.7% qoq in Q3 2024, though rental growth is slowing amid higher tenant resistance and higher availabilities in the market due to natural lease expiries. Major new prime logistics projects in 2025, which include 51 Benoi Road and 36 Tuas Road (estimated 50% pre-committed) have seen good take-up rates or are in active negotiations with potential tenants.
Industrial MarketBeat Report
Xian Yang Wong • 09/10/2024
Marketbeats
MarketBeat • Investment / Capital Markets
Total investment volumes rose 28.6% qoq to $8.1 billion (b) in Q3 2024, led by the residential sector ($3.1b) followed by industrial ($2.5b) and commercial ($2.3b) sectors.
Xian Yang Wong • 09/10/2024
MarketBeat
Island wide retail rents continued to grow by 0.7% qoq to $29.62 psf/mo in Q3 2023, only about 0.2% below the pre-pandemic rate of $29.68 psf/mo, indicating a steady recovery path underpinned by limited new supply and resilient demand.
Xian Yang Wong • 09/10/2024
MarketBeat
Despite a slight increase in vacancy rates to 5.5% in Q3 2024 (from 5.4% in Q2 2024), CBD Grade A office rents grew 0.3% qoq.
Xian Yang Wong • 09/10/2024
MarketBeat
Industrial property rents continued to show diverging performance in Q2 2024.
Xian Yang Wong • 09/10/2024
MarketBeat
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Xian Yang Wong • 09/10/2024