Chart of the Day: Warehouse space occupancy grew 0.8ppt in Q2 | / Property news / Chart of the Day: Warehouse space occupancy grew 0.8ppt in Q2

Chart of the Day: Warehouse space occupancy grew 0.8ppt in Q2

Fresh property news selection on August 18. 2020, Tuesday.

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A rise in e-commerce sales contributed to the segment’s growth.

This chart from EDMUND TIE revealed that the occupancy rate for warehouse space grew 0.8ppt QoQ to 88.3% in Q2. Occupancies of single-user factory spaces climbed, whilst it declined for business parks. The figures for multiple-user factories held relatively steady.

The growth in the warehouse space was largely attributed to a rise in e-commerce sales and a trend of stockpiling by supermarkets. According to data from the Department of Statistics, online retail sales accounted for 18.1% of the total retail sales value.

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