Research & Forecast Report

The Future of Logistics Real Estate

Identifying the top logistics micro-markets in Singapore, market outlook and recommendations for occupiers, landlords and investors

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Overview

 

Against a small population of 5.7 million, Singapore has one of the highest warehouse space per capita among Asian economies at more than 20 sq ft. However, challenges have emerged for the logistics sector as warehouse demand and space design are reshaped by shifts in tenant needs, macroeconomic trends and technology evolution.

Looking at infrastructure, accessibility and market factors, we ranked the major logistics micro-markets across Singapore by examining four key criteria relevant to today's industrial occupiers:

01

Presence of existing logistics cluster and infrastructure

02

Availability of current and future quality warehouse stock

03

Accessibility to airport

or sea ports

04

Rent versus the

island-wide average

Download our report to find out which logistics micro-markets are best suited for varying warehouse occupiers.

Major Logistics Micro-Markets in Singapore

Click on the sections to learn more about each micro-market.

*Figures refer to total warehouse stock and vacancy rate as of Q2 2019. ‘Msf’ stands for million sq feet. Source: Colliers International, JTC

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Changi

3.7msf total warehouse stock | 2.7% vacancy rate

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Tampines & Paya Lebar

11.5 msf total warehouse stock | 15.2% vacancy rate

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Kallang & Geylang

6.3 msf total warehouse stock | 6.9% vacancy rate

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Woodlands & Sembawang

1.1 msf total warehouse stock | 6.6% vacancy rate

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Jurong East & Clementi

30.0 msf total warehouse stock | 15.1% vacancy rate

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Tuas

12.8 msf total warehouse stock | 10.5% vacancy rate

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Boon Lay & Jurong West

14.7 msf total warehouse stock | 8.6% vacancy rate

Warehouse Occupiers in Singapore

Regional trade and growth in e-commerce should continue to drive demand for Singapore’s logistics real estate in the long term and benefit Singapore, given its logistics hub status.

Occupier sectors as a proportion of warehouse units in selected multiple-user warehouses
Colliers Research - Top occupier sectors CBD premium and Grade A | Top Micro-Markets Singapore

Island-wide warehouse rent has been on a downward trend for more than 5 years, falling 19.4% from its peak in Q4 2013.

Colliers' Bold Vision for Warehouses of the Future

On-demand warehousing

Co-working space

in the logistics sector

Automation as a service

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Research & Forecast Report

The Future of Logistics Real Estate

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About Us

Colliers International has always stood at the forefront of the Singapore real estate market. We are dedicated to providing real estate-related services that are of the highest quality with the goal of achieving optimal result for our clients.

 

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