Compare the Demand and Supply of Commercial & Industrial Property
Office, retail and shop indices, vacancy, stock and pipeline from URA — industrial occupancy, price and rental indices and forward supply from JTC, going back to 1975.
Quarters Covered
206
Earliest Data
1975
Metric Families
13
Data Points
184K
Key findings
As of 2026Q2Singapore's commercial and industrial property market, as of 2026Q2: island-wide office vacancy is 11.0% (-0.4pp YoY), retail vacancy is 6.5%, industrial occupancy is 89.1% (+0.3pp YoY) and the JTC industrial rental index is 113.8 (+2.1% YoY). Figures are from official URA and JTC quarterly statistics.
Commercial Market Snapshot
URA quarterly series — Office, Retail, Shop and Hotel
Price Index
111.3
as of 2026Q2 · Central Region · Private sector
Rental Index
201.8
as of 2026Q2 · Central Region · Private sector
Vacancy Rate
11.0%
as of 2026Q2 · Whole Island
Available Stock
8.2M sqm
as of 2026Q2 · Whole Island
Vacant Stock
898k sqm
as of 2026Q2 · Whole Island
Supply Pipeline
888k sqm
as of 2026Q2 · Whole Island
Under Construction
495k sqm
as of 2026Q2 · Whole Island
Each card names the region and sector it was read at — URA does not publish every series at every slice, so a Central Region index sits beside island-wide stock figures.
Industrial Market Snapshot
JTC quarterly series — occupancy, price and rental indices
Occupancy
island-wide, both sectors — moves are percentage pointsOccupancy · All Industrial
89.1%
as of 2026Q2 · Whole Island · both sectors
Occupancy · Business Park
77.9%
as of 2026Q2 · Whole Island · both sectors
Occupancy · Multiple-User Factory
90.5%
as of 2026Q2 · Whole Island · both sectors
Occupancy · Single-User Factory
89.3%
as of 2026Q2 · Whole Island · both sectors
Occupancy · Warehouse
89.4%
as of 2026Q2 · Whole Island · both sectors
Price & Rental Indices
2012Q4 = 100 — index numbers, not dollarsPrice Index · All Industrial
113.8
as of 2026Q2 · 2012Q4 = 100 · headline series
Price Index · Multiple-User Factory
123.0
as of 2026Q2 · 2012Q4 = 100 · headline series
Price Index · Single-User Factory
95.1
as of 2026Q2 · 2012Q4 = 100 · headline series
Rental Index · All Industrial
113.8
as of 2026Q2 · 2012Q4 = 100 · headline series
Rental Index · Business Park
123.7
as of 2026Q2 · 2012Q4 = 100 · headline series
Rental Index · Multiple-User Factory
114.7
as of 2026Q2 · 2012Q4 = 100 · headline series
Rental Index · Single-User Factory
116.6
as of 2026Q2 · 2012Q4 = 100 · headline series
Rental Index · Warehouse
108.0
as of 2026Q2 · 2012Q4 = 100 · headline series
Explore the Data
Add any URA or JTC series — indices, vacancy, occupancy, stock and supply
Industrial Supply Pipeline
JTC project-grain forward supply — a forecast, not committed completions
| Project | Planning Area | Uncompleted GFA | Under Construction | Expected TOP |
|---|---|---|---|---|
| Additions/alterations to existing industrial developmentTembusu Crescent | Western Islands | 62,500 sqm | 62,500 sqm | 2026 |
| Single-user industrial developmentJalan Samulun | Boon Lay | 31,810 sqm | 31,810 sqm | 2026 |
| Single-user factoryJalan Tukang | Boon Lay | 27,720 sqm | 27,720 sqm | 2026 |
| Single-user factoryTuas South Avenue 3 | Tuas | 25,760 sqm | 25,760 sqm | 2026 |
| Gain City Megastore @ TampinesTampines North Drive 5 | Tampines | 25,110 sqm | 25,110 sqm | 2026 |
| Kiat Lee @ KranjiKranji Crescent | Sungei Kadut | 14,350 sqm | 14,350 sqm | 2026 |
| Single-user factoryNeythal Road | Boon Lay | 13,640 sqm | 13,640 sqm | 2026 |
| Single-user factoryWoodlands Industrial Park E7 | Woodlands | 12,850 sqm | 12,850 sqm | 2026 |
Showing the 8 largest of 113 pipeline projects as at 2026Q2, earliest expected TOP first.
JTC forward supply, 2026Q2 — uncompleted GFA by project. This is INDUSTRIAL only; there is no commercial equivalent at project grain.
FORECAST, not committed supply. JTC's own notes: the GFA is adjusted if the development application is amended or the planning approval lapses, and the expected TOP year is from developers, media, or estimated from project attributes. Never state that this space WILL complete in a given year — say it is in the pipeline for it. A NULL TOP year means the developer refused release, not that the year is unknown to JTC. Project names here are mostly generic descriptors ('Single-user factory'), not building names.
Source: Urban Redevelopment Authority (URA) quarterly commercial statistics and JTC Corporation quarterly industrial statistics. Figures are indicative and refreshed each reporting quarter.
The indices set the scene — your deal is specific.
Ask what these trends mean for an actual unit, street or asking price.
PropKakiOffice vacancy has been easing and Central Region rents are inching up — tight prime supply, softer fringe.
Singapore Commercial & Industrial Property Market: FAQs
Where can I find Singapore commercial property market data?
PropKaki's Commercial & Industrial Market Overview is a free dashboard, with no account needed, built on official Urban Redevelopment Authority (URA) and JTC quarterly statistics. It shows office, retail and shop price and rental indices, vacancy rates, available and vacant stock and the supply pipeline, plus industrial occupancy, price and rental indices and JTC's project-level forward supply — with history going back to 1975. It reflects the official quarterly releases and adds no forecasts of its own.
What are the URA commercial price and rental indices?
URA publishes quarterly price and rental indices for office, retail and shop space in Singapore, based on transactions and rental contracts. They are index numbers, not dollar figures — a reading of 111 means prices are 11% above the base period, and only the percentage change within one series is meaningful. URA publishes these indices for the Central Region and other central-area geographies rather than island-wide, which is why PropKaki names the region beside every index figure.
What is the office vacancy rate in Singapore and where can I see it?
The office vacancy rate is the share of available office floor space that is vacant, published quarterly by URA on nett floor area. PropKaki's Commercial & Industrial Market Overview shows the latest island-wide office vacancy rate, its year-on-year change in percentage points, and the full quarterly history — alongside the same series for retail and shop space. A falling vacancy rate signals tightening demand for space; a rising one signals softening demand or a wave of completions.
What is the difference between NETT and GROSS floor area in URA statistics?
URA measures available and vacant commercial stock on nett floor area (the lettable space), but measures pipeline supply — space under construction or planned — on gross floor area, which includes common areas. The two bases are not comparable: you cannot subtract vacant stock from pipeline supply or compute a ratio between them. PropKaki labels every stock and supply figure with its basis so the two are never mixed.
What are the JTC industrial price and rental indices?
JTC publishes quarterly price and rental indices for Singapore industrial property — including multiple-user and single-user factories, business parks and warehouses — on a base of 2012 Q4 = 100. Like all indices they are not dollar figures, and a price index level beside a rental index level is a coincidence of the shared base, not a relationship. PropKaki's dashboard shows the headline all-industrial series and the per-type breakdown with year-on-year changes.
What does industrial occupancy mean, and how does it relate to vacancy?
JTC reports the occupancy rate of Singapore's industrial stock — the share of completed industrial space that is occupied, island-wide across both the public and private sectors. Vacancy is its exact complement: an occupancy rate of 89% means 11% vacancy. Occupancy moves are measured in percentage points, and rising occupancy means falling vacancy — a tightening industrial market.
Does the dashboard show upcoming industrial supply?
Yes. PropKaki's Commercial & Industrial Market Overview includes JTC's project-level industrial supply pipeline: uncompleted gross floor area by project, its planning area, how much is already under construction, and the expected TOP year. These figures are a forecast rather than committed supply — JTC adjusts them when development applications change, and some expected completion years are withheld at source. Commercial supply appears as aggregate floor-area series rather than a project list, because no commercial equivalent is published at project level.