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With greater supply of industrial space, overall occupancy falls 0.4% ppt in 4Q2025

Jovi Ho
Jovi Ho • 6 min read
With greater supply of industrial space, overall occupancy falls 0.4% ppt in 4Q2025
JTC Space @ Tuas. Increases in rentals also continued to slow, with the rental index increasing at the slowest annual rate since 2021, according to JTC’s latest quarterly market report. Photo: JTC
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In 4Q2025, the occupancy rate for all industrial space in Singapore declined by 0.4 percentage points (ppts) q-o-q, settling at 88.7%, according to JTC’s latest quarterly market report, released Jan 22.

This decline was primarily driven by strong completions, leading to an increase in total industrial stock by 345,000 sqm and reversing the decrease in industrial stock in the previous quarter.

For the full year of 2025, the overall occupancy rate dropped slightly by 0.3 ppts, as strong completions added 0.9 million sqm of total available stock and outpaced the 0.7 million sqm increase in occupied stock.

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