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Singapore industrial property prices and rents reportedly rise in Q3 2026 as occupancy slips

Knight Frank’s Tridiana Ong called the quarterly increase in multi-user factory and warehouse leasing transactions “relatively measured.”

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Singapore’s industrial property price index rose 1% and its rental index rose 0.5% quarter on quarter in Q3 2026, according to JTC figures reported by The Business Times. Occupancy fell 0.2 percentage point to 88.9%. The outlet points to AI-related demand, but Knight Frank’s Tridiana Ong said the rise in multi-user factory and warehouse leasing transactions was “relatively measured.” JTC said about 300,000 square metres of new space could be completed in Q4.

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Singapore’s industrial property prices and rents rose in the third quarter of 2026 even as occupancy slipped, according to JTC figures reported by The Business Times. The industrial property price index climbed 1% from the previous quarter and 4.2% from a year earlier. The all-industrial rental index rose 0.5% quarter on quarter and 2.1% year on year.

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Overall occupancy fell 0.2 percentage point from the previous quarter to 88.9%. The Business Times reported that tenants leaving older factories slated for redevelopment and weaker demand for suburban business parks weighed on the rate.

The outlet linked demand partly to growth in AI-related industries. Tridiana Ong, head of occupier strategy and solutions at Knight Frank Singapore, pointed to an advance estimate of 7.5% year-on-year growth in manufacturing, particularly from AI-related industries. JLL’s Chua Yang Liang cited global semiconductor demand as support for industrial rents. But Ong called the quarterly increase in multi-user factory and warehouse leasing transactions “relatively measured”. She suggested much of that demand came from renewals and ongoing space needs rather than expansion.

More space may be on the way. As of the end of September, JTC said around 300,000 square metres of new industrial space could be completed in the fourth quarter.

Singapore industrial property prices and rents reportedly rise in Q3 2026 as occupancy slips

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