Monday, March 12, 2012

Easier time for some landlords

Straits Times: Sat, Mar 10
COMPANIES that deliver goods and transport components to factories may be hurting from a slowing economy and rising costs, but another key sub-segment of the logistics industry is facing an easier time.

These are the landlords of warehouse space, which rent out the facilities for the use of logistics firms.

When times turn grim, some firms may actually need more storage space - as unsold goods can start piling up.

While business for the sector's firms started to slow down in the fourth quarter of last year, rents contined to hold strong.

Figures from the Urban Redevelopment Authority showed median rentals for warehouse space stood at $1.85 per sq ft per month, 13 per cent higher than the fourth quarter of 2010 and 33 per cent higher than the same period in 2009...

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Martin Koh/ Sherry Tang
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