11 May '18, 1am

Rise in retail sector rents after many quarters of decline

Rents in the retail sector have been flailing for the last few quarters. Retail rents in the central region have taken the hit especially hard with 12 consecutive quarters of declining prices. But things may finally be looking up as retail rents in the central region rose last quarter. Heeren, Orchard. Picture: iProperty Retail rents in the central region rose 0.1% in Q1 This is the first increase after 12 consecutive quarters of decline though vacancy rates remained unchanged. The previous saw an increase of 64,000 sq m in the net lettable area (NLA) . The margin of increase in retail space stock rose by just 11,000 sq m last quarter and vacancy rate increased by 7.5%. In the previous quarter, the figure was at 7.4%. Retail spaces on prime floors in shopping malls will continue to remain sought-after though corridor units in secondary floors may find it harder to find ten...

Full article: https://www.iproperty.com.sg/news/rise-in-retail-sector-r...

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