Singapore fourth most expensive global prime logistics market, says CBRE

cheeyuen.tan@bizedge.com

Updated 25 May 2016 at 10:00 pm

Singapore is the fourth most expensive global prime logistics market worldwide, with prime logistics rents of US$10.91 psf per annum, according to CBRE’s inaugural Global Prime Logistics Rents report. The report tracked the rents of prime logistics facilities in 69 global hubs in the Americas, Asia Pacific and Europe, the Middle East and Africa as at 4Q2015.

The top-ranked city with the highest prime logistics rent is Hong Kong, at US$28.94 psf per annum. This is followed by Tokyo (US$16.74 psf per annum) and London (US$16.36 psf per annum). Overall, six of the top 10 most expensive markets are cities from Asia-Pacific.

According to CBRE, prime logistics rents in global hub markets increased 2.8% y-o-y amid strong demand from supply chain users seeking modern distribution facilities to accommodate growing global trade and e-commerce activity.

The Telegraph
Horse trainer accused of rape and murder found dead at home
A horse trainer who was accused of the murder and rape of a showjumper he was in an “illicit relationship” with has been found dead before the second day of his trial was set to begin.
3 hours ago
The Telegraph
Trump is taking a first step towards war with China
If, as appears more likely than not, Donald Trump returns to the White House come January 20 2025, China will become America’s unmatched foreign policy priority. But the happy days of Trump’s red-carpet fetes in Beijing are long forgotten.
a day ago
The Telegraph
Hezbollah launches deepest ever attack inside Israel
Hezbollah has launched a series of drone strikes against Israeli military bases, in its deepest attack inside Israel since the start of the war in Gaza.
a day ago
People
Kim Kardashian Reveals the Viral SKIMS Nipple Bra Was Modeled After Her Own Breasts
The bra was first released in October 2023
a day ago
BANG Showbiz
Megan Thee Stallion being sued for ‘forcing cameraman watch her having lesbian sex!’
In a suit being brought by her ex-cameraman, Megan Thee Stallion is being sued for allegedly creating a hostile work environment and forcing her former videographer to watch her having lesbian sex.
a day ago
The Telegraph
Ukraine has only six months left
Last summer there were high expectations that Ukraine’s major counter offensive would succeed in driving Russian forces back, setting the stage for victory. That didn’t happen; instead the offensive faltered and gained little ground. This failure can be laid squarely at the feet of Western refusal to supply adequate military aid. The result was a silent backlash in domestic politics both sides of the Atlantic, which undoubtedly contributed to the US president’s failure to get a further aid packa
a day ago
The Telegraph
Satellite images show Iran tried to cover up impact of Israeli missile strike
Iran replaced a destroyed radar installation within hours of an Israeli strike on an air base last week in an attempt to make it appear as though the damage had been minimal, it has been claimed.
5 hours ago
Evening Standard
Mauricio Pochettino calls on Chelsea owners to make ruthless decisions
The Blues boss has questioned the club’s strategy for the first time
16 hours ago
Bloomberg
Sea billionaire’s wife to buy Singapore mansion for $31 million
The wife of tech billionaire Forrest Li is set to acquire a mansion in one of Singapore’s most coveted residential areas, even as the luxury property market remains in a lull.
2 days ago
People
Kourtney Kardashian's Sexy Bikini Photo from Her 45th Birthday Leaves Husband Travis Barker Melting
Kardashian enjoyed a vacation in paradise with her husband and four kids in honor of "45 trips around the sun"
a day ago
SETHLUI.COM
Aunty Lily Kitchen: Indonesian-Peranakan stall with delights like gado gado, handmade otah & Nyonya kueh
The post Aunty Lily Kitchen: Indonesian-Peranakan stall with delights like gado gado, handmade otah & Nyonya kueh appeared first on SETHLUI.com.
2 days ago
People
Florida Man Runs Over 11-Foot Alligator with Truck to Save Neighbor from Attack
"We pulled over and I got out of the car and saw that an alligator had him by the leg," Walter Rudder recalled to a local news outlet about the scary incident
20 hours ago
The Telegraph
Jamie Vardy’s Leicester fairy tale is nearing its end – the question is what is next?
As Leicester City close in on an immediate return to the Premier League, the uncomfortable question looms large: is this the end of the fairy tale for Jamie Vardy?
2 days ago
Reuters
Iran threatens to annihilate Israel should it launch a major attack
An Israeli attack on Iranian territory could radically change dynamics and result in there being nothing left of the "Zionist regime", Iran's President Ebrahim Raisi was quoted as saying on Tuesday by the official IRNA news agency. Raisi began a three day visit to Pakistan on Monday and has vowed to boost trade between the neighbouring nations to $10 billion a year. On Friday, explosions were heard over the Iranian city of Isfahan in what sources said was an Israeli attack but Tehran played down the incident and said it had no plans for retaliation.
a day ago
Evening Standard
Nicolas Jackson avoids red card for Takehiro Tomiyasu foul in 'one of worst referee decisions of season'
The Chelsea striker was not even booked for catching the Arsenal defender’s ankle
a day ago
The Telegraph
The five horrible defensive mistakes that derailed Liverpool’s title bid
When you are fighting to stay in the title race and need a win at the home of your city rivals, you cannot get away with the calamitous defending that gifted Everton the lead against Liverpool.
3 hours ago
The Independent
Boy, 10, woke to find bodies of parents and three brothers after ‘carnage’ murder-suicide
Police say that the youngster discovered a ‘massacre’ at the family home in Oklahoma City and that at least one of the child victims was shot dead in their bed
a day ago
The Smart Investor
Share Prices of These 4 Singapore Blue-Chip Stocks Are at 52-Week Lows: Can They Recover?
With these four blue-chip stocks hovering at a year-low, investors could be looking at potential bargains. The post Share Prices of These 4 Singapore Blue-Chip Stocks Are at 52-Week Lows: Can They Recover? appeared first on The Smart Investor.
2 days ago
Cosmo
Celine Dion's braless Vogue France cover is an *iconic* comeback
Celine Dion stars on the May cover of Vogue France going braless beneath an open button-down Balenciaga shirt and micro mini skirt worn with Calzedonia tights.
2 days ago
Yahoo News Singapore
Accident on PIE: Six taken to hospital after chain collision involving six cars and taxi
A car chain collision on PIE in Singapore resulted in six individuals being taken to hospital. Read on to find out what happened.
2 days ago

Singapore fourth most expensive global prime logistics market, says CBRE

Latest stories

Horse trainer accused of rape and murder found dead at home

Trump is taking a first step towards war with China

Hezbollah launches deepest ever attack inside Israel

Kim Kardashian Reveals the Viral SKIMS Nipple Bra Was Modeled After Her Own Breasts

Megan Thee Stallion being sued for ‘forcing cameraman watch her having lesbian sex!’

Ukraine has only six months left

Satellite images show Iran tried to cover up impact of Israeli missile strike

Mauricio Pochettino calls on Chelsea owners to make ruthless decisions

Sea billionaire’s wife to buy Singapore mansion for $31 million

Kourtney Kardashian's Sexy Bikini Photo from Her 45th Birthday Leaves Husband Travis Barker Melting

Aunty Lily Kitchen: Indonesian-Peranakan stall with delights like gado gado, handmade otah & Nyonya kueh

Florida Man Runs Over 11-Foot Alligator with Truck to Save Neighbor from Attack

Jamie Vardy’s Leicester fairy tale is nearing its end – the question is what is next?

Iran threatens to annihilate Israel should it launch a major attack

Nicolas Jackson avoids red card for Takehiro Tomiyasu foul in 'one of worst referee decisions of season'

The five horrible defensive mistakes that derailed Liverpool’s title bid

Boy, 10, woke to find bodies of parents and three brothers after ‘carnage’ murder-suicide

Share Prices of These 4 Singapore Blue-Chip Stocks Are at 52-Week Lows: Can They Recover?

Celine Dion's braless Vogue France cover is an iconic comeback

Accident on PIE: Six taken to hospital after chain collision involving six cars and taxi