What's New In Property

Dark clouds loom over industrial sector

New: Gift this subscriber-only story to your friends and family

Despite the subdued manufacturing outlook, the rental index for all industrial spaces rose marginally by 0.1 per cent from the first quarter to the second. This was supported mainly by rental gains in the single-user factory category, where the index rose 0.5 per cent over the preceding quarter.

This marked the first quarterly increase since the first quarter of 2015. However, due to the increased headwinds in the global economy and trade uncertainty, the temporary rebound is unlikely a sign that the industrial market is out of the woods.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Sunday Times on August 11, 2019, with the headline Dark clouds loom over industrial sector. Subscribe