Square Foot Research Singapore

Sep 13 - Hungry for Less

Sep 13 - Hungry for Less

Shoebox Rental

Rental market remains buoyant in 1H13 with shoebox units more than doubled in rental volume compared to a year ago. The surge in rental demand for shoebox units is attributed to newly completed projects in 2H12, suggesting a pent-up demand for such units in the rental market. The Central Region saw a higher rental take-up rate compared to the Outside of Central Region. In a handful of projects, more than 80% of all available shoebox units found tenants within a year of completion.

  Sep 13 Hungry for Less, Pent-up Rental Demand for Shoebox Units


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