Chart of the Day: This graph shows how much leasing volume of industrial properties dropped

As compared to 2008 data.

According to Savills, rental volumes for factories and warehouses were high in July and August, with a total of 1,369 transactions.

For the third quarter as a whole, the number is expected to match last quarter’s all-time high of 1,981 transactions, as the global economy continues to recover, thereby leading to increasing activity for the manufacturing sector.

Here's more from Savills:

Tenancy renewals continue to dominate the rental market. Despite the anticipated strong performance in leasing volumes, rental rates remained unchanged as completed stock is still aplenty.

Factory and warehouse rental rates held firm at S$2.00 per sq ft with hi-tech units maintaining at S$3.00 per sq ft.

AusGroup, a Singapore-listed firm, signed a sale-and-leaseback deal with Boustead Trustees Pte Ltd to sell its fabrication facilities at 36 Tuas Road for S$39.4 million, 11.7% below its reported valuation.

The lease to AusGroup will be up to May 2025 with an option to renew for five more years. It appears that AusGroup is hedging against possible rental rises in the long term.

Also Read

One Sophia sells 30% of units at weekend launch

SLA launches tender to revitalise Tanjong Katong Complex

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit