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. Fuelled by low vacancy rates and robust retailer demand, Suburban prime rents saw the strongest growth at 0.9% qoq, compared to Orchard and Other City Areas which increased by 0.5% and 0.7% qoq respectively.
Retail MarketBeat Report
Xian Yang Wong • 09/10/2024
Marketbeats
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 • 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
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