Industrial

  • Leasing activity in Q4 2018 was mainly driven by high-end users including logistics for specialty goods, data centres and automotive companies.
  • The vacancy rate for ramp-access facilities fell to 1.1% in Q4 2018, marking the first time it has been lower than that for cargo-lift access space since the completion of Mapletree Logistics Hub in Tsing Yi in Q1 2016.
  • Warehouse rents edged up by 0.6%, translating to 2.8% y-o-y growth for FY 2018.