Commercial and Industrial Property Market
Singapore Property · Commercial and Industrial
Singapore Commercial and Industrial Property Market
Official price, rent, vacancy and supply figures for offices, shops and industrial space in Singapore, from URA and JTC. As of Q2 2026, office rents rose 0.9% over the past year, retail rents rose 1.5%, industrial rents rose 2.1%.
Changes in the official price and rental indices for Q2 2026. Updated automatically, last checked 19 Oct 2026.
Five-year trends
Each line starts at 100 five years ago, so 110 means 10% higher than then.
Office and retail rents by area
| Area | Office rents (1 yr) | Office (1 qtr) | Retail rents (1 yr) | Retail (1 qtr) |
|---|---|---|---|---|
| Central Area (CBD, Orchard, Marina) | ▲ 0.5% | ▲ 0.6% | ▲ 2.2% | ▲ 0.2% |
| City fringe | ▲ 3.7% | ▲ 2.1% | ▬ 0.0% | ▲ 1.3% |
| Whole Central Region | ▲ 0.9% | ▲ 0.8% | ▲ 1.5% | ▲ 0.6% |
Industrial space by type
| Type | Prices (1 yr) | Rents (1 yr) | Rents (1 qtr) | Vacancy |
|---|---|---|---|---|
| Multiple-User Factory | ▲ 4.2% | ▲ 1.8% | ▲ 0.6% | 9.5% |
| Single-User Factory | ▲ 2.7% | ▲ 3.1% | ▲ 0.7% | 10.7% |
| Warehouse | – | ▲ 2.7% | ▲ 0.5% | 10.6% |
| Business Park | – | ▲ 0.4% | ▼ 0.1% | 22.1% |
Vacancy and upcoming supply
| Space | Vacancy now | A year ago | Upcoming supply | Under construction |
|---|---|---|---|---|
| Office | 11.0% | 11.4% | 888k sqm | 495k sqm |
| Retail | 6.5% | 7.1% | 716k sqm | 371k sqm |
| Business Park | 22.1% | 23.3% | 1k sqm | 0k sqm |
| Multiple-User Factory | 9.5% | 8.9% | 1,020k sqm | 477k sqm |
| Single-User Factory | 10.7% | 11.0% | 2,763k sqm | 1,269k sqm |
| Warehouse | 10.6% | 11.2% | 875k sqm | 837k sqm |
Vacancy is vacant space as a share of all available space (private and public). Upcoming supply is gross floor area under construction or planned, in thousand square metres.
How to read these figures
URA and JTC publish price and rental indices rather than average prices, because commercial units vary widely in size and specification. A rise of 5% means comparable space costs about 5% more than a year ago. Prices for individual shops, offices and factories depend on location, floor area, tenure, approved use and any existing tenancy, so please speak with us for a property-specific view.
Planning to buy, sell or lease? See our commercial and industrial guide and property calculators.
Looking for a shop, office or factory? Our team handles commercial and industrial sales and leasing, from approved-use checks to landlord negotiations.
Sources: Urban Redevelopment Authority and JTC Corporation, via data.gov.sg. Figures are for general information only.