Singapore’s retail vacancy hits 10-year low as prime rents rise – Savills
According to Savills Research, Singapore's retail vacancy rate has decreased slightly to 6.5% in Q3 2024, the lowest level in 10 years, says Alan Cheong, Executive Director, Research & Consultancy, Savills Singapore.
According to Savills Research, Q2 2024 retail vacancy rate decreased marginally to 6.6% with Orchard Area rents rose slightly by 0.6% to S$23.00 psf, while Suburban Area rents stayed unchanged at S$14.70 psf.
