Industrial

It has a gross floor area of 3.8 million sq ft.

Warehouse vacancy increased slightly to 3.3%.

It was valued at HK$850 million.

Total sales were only at S$715.1 million in the last quarter of 2022.

Vacancy rates were stable at 1.9% during the quarter.

This translates to a USD36b increase in investable prime logistics spaces.

There were a total of 16 projects completed during the quarter.

Takeup reached over 120,000 sqm in Q3.

The projects added a total of 82,300sqm of new space.

Gross takeup dropped 82.5% in Q3.

Takeup only reached 193,000sqm in Q3.

New completions commanded higher rents in Greater Tokyo.

Net absorption was at 144,900 pyung, the 17th consecutive quarter of positive figures.

Q3 rents grew 7.9% year-on-year.

Single-user factory leases are down 21.2%.

But prices still trended up during the quarter.