Singapore Logistics Rents Surge 6.8% in H1 2026

SINGAPORE, Aug 19 — Prime logistics rents in Singapore rose 6.8% year-on-year in the first half of 2026, reaching $2.99 per square foot (psf) per month, according to Knight Frank. The city-state ranked second in Asia-Pacific for annual rental growth, trailing only Brisbane’s 10.4%.

Knight Frank noted that rental growth stabilised after a strong uplift in 2025, with market conditions described as balanced. The supply pipeline shows 2 million square feet scheduled for completion in 2026, rising sharply to 3.5 million square feet in 2027.

Logistics rents

Vacancy stood at 10.6%, with the 12-month outlook pointing to further rental increases alongside rising vacancy. Regionally, Asia-Pacific logistics rents rose 1.2% half-on-half in the first half, with 15 of 18 tracked cities recording stable or increasing rents year-on-year.

Analysts say Singapore’s logistics sector remains resilient, supported by demand for high-quality assets and its strategic role in regional trade.

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