Industrial occupancy dips to 88.7% in 1Q24

  • 📰 SBRMagazine
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

pstrongOccupancy fell 0.3 ppt from 4Q23./strong/p pThe overall occupancy rate for the industrial property market fell 0.3 percentage point (ppt) QoQ and 0.1 ppt to 88.7% in 1Q24./p pJTC attributed the increase to supply outpacing demand./p pFrom 1Q23 to 1Q24, total available stock rose by 0.7 million sqm, outpacing the 0.

The overall occupancy rate for the industrial property market fell 0.3 percentage point QoQ and 0.1 ppt to 88.7% in 1Q24.From 1Q23 to 1Q24, total available stock rose by 0.7 million sqm, outpacing the 0.6 million sqm increase in total occupied stock.

Data available as of March indicates that 1.6 million sqm of industrial space will be completed in the remaining quarters of 2024.“Whilst it is anticipated that new supply of industrial space stock will continue to come on steam in 2024, occupancy rates are likely to remain stable,” JTC reported....there are many ways you can work with us to advertise your company and connect to your customers.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.4.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sabana Industrial REIT's occupancy rate drops to 83% in 1Q24Sabana Industrial Real Estate Investment Trust (REIT) reported a decline in its occupancy rate for the first quarter of 2024 (1Q24) to 83% from 91.2% in the previous quarter (4Q23) due to the repossession of 33 & 35 Penjuru Lane.
Source: SBRMagazine - 🏆 13. / 51 Read more »

CICT NPI rises 6.3% YoY to $293.7M in 1Q24pstrongGross rental income growth and lower operating expenses drove the uptick./strong/p pCapitaLand Integrated Commercial Trust (CICT) saw its net property income (NPI) increase 6.3% YoY to $293.7m in 1Q24, driven by gross rental income growth and lower operating expenses./p pThe REIT also posted a 2.
Source: SBRMagazine - 🏆 13. / 51 Read more »