Singapore business park rents
Business park rents in this Singaporean submarket rose for the first time since 2018
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.
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