Danielle Isaac
,
Singapore
The stock of retail space grew by 22,000 sqm despite growing occupancy.
This chart from the Urban Redevelopment Authority (URA) shows the island-wide vacancy rate of retail space rose to 8.2% in Q3, up from 8.1% in Q2.
The amount of occupied retail space increased by 15,000 sqm, compared to the decrease of 3,000 sqm in the previous quarter.
However, the stock of retail space increased by 22,000 sqm, compared to the increase of 18,000 sqm in the previous quarter.
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