90.5%: Multi-User Factory Occupancy

Industrial Market · 2026-10-01

Start with 90.5%. That is the occupancy rate reported for multi-user factories in the second quarter of 2026, according to EdgeProp Singapore. It is the figure that matters most for a development like Generations @ Tannery, so here are five numbers to carry into the next round of data.

  1. 90.5% occupancy. Nearly nine in ten multi-user factory units were taken up. Single-user factories came in at 89.3% and warehouses at 89.4%, so the multi-user segment led the three. Business parks lagged at 77.9%, which shows how different the sub-markets are.
  2. +0.6% rent growth. Rents for multi-user factories rose 0.6% over the quarter, a little behind single-user factories at 0.7%. It is a steady rise, not a surge, and the same report shows the all-industrial rent index up 0.5%.
  3. +0.4% on prices. Multi-user factory prices moved up 0.4% over the quarter, against 1.1% for single-user factories. For multi-user units, prices rose more slowly than rents this quarter, which is worth knowing for anyone comparing buying with leasing.
  4. 0.1% of new supply. Around 4.4 million sq ft of space is scheduled for completion in the second half of 2026, and multi-user factories account for only about 0.1% of it. Most of the pipeline is single-user factories and warehouses.
  5. 23 quarters. Rents have risen for 23 consecutive quarters since the third quarter of 2020, a cumulative 27.2%, taking the index to a level not seen since 1996. A long run like that is a record of the past, not a promise about the future.

Generations @ Tannery sits at 71 Tannery Lane in the MacPherson, Mattar and Aljunied belt of District 13. Developed by Providence Group, it is a freehold B1 multi-user project of 12 storeys with 54 production units and five canteens, and expected completion is in the first quarter of 2029. Mattar MRT is about six minutes away on foot.

Numbers describe a category, not a building. Before drawing conclusions about a particular unit, compare its size, ceiling height and access with what your business actually needs, and look at the project details on the project details page.

Read the five figures together rather than one at a time. High occupancy alongside modest rent growth points to a market that is steady and not overheated, while a very thin multi-user pipeline suggests limited new competing supply in this category over the near term. Neither observation changes how much a unit's own qualities matter. Buyers of a freehold B1 multi-user project usually compare floor loading, ceiling height, lift and loading arrangements across several projects, then add service charges and the intended use. Checking all of that against several quarters of data, not just the latest one, gives a firmer footing than any single percentage.

General information only, not financial or legal advice.

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Source: EdgeProp Singapore. This article is independent commentary; Generations @ Tannery is not affiliated with the parties mentioned.