(October 14 06:00) Sbr.com.sg
Submitted By:
Staff Reporter
Case Study:
No
Rents are largely expected to trend downwards due to weakening manufacturing and trade.
This chart from Edmund Tie & Co. reveals that industrial upper storey rents are forecasted to have fallen 0.75% QoQ between the $1.38 to $1.58 range in Q3.
First-storey rents are also projected to have fallen 0.5% QoQ to the $1.73 to $1.98 range. In contrast, city-fringe business park rents are forecasted to have risen 1% QoQ to a range between $4.35 to $4.85.
High-tech industrial rents are remained the same at $2.85 to $3.05.
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