Gerv Tacadena
,
Singapore
The amount of occupied retail space decreased by only 3,000 sqm.
The latest figures from the Urban Redevelopment Authority revealed that the amount of occupied retail space decreased by only 3,000 sqm, moderating from the decline of 41,000 sqm in the previous quarter.
Meanwhile, the stock of retail space increased by another 18,000 sqm, rebounding from the 29,000 sqm decline in the previous quarter.
As a result, the island-wide vacancy rate of retail space rose to 8.1% at the end of 2Q17, from 7.7% at the end of the previous quarter.
Join Singapore Business Review community
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!