To ask the Minister for National Development (a) what is the current total stock in square metres of office, retail, and industrial space that has remained vacant for over one year; (b) whether studies have been undertaken to investigate the prevalence and scale of persistently vacant commercial or industrial units and their impact on rental volumes and prices; and (c) if so, what are the details of the studies.
As of June 2025, the total stock of retail, office and industrial spaces that have remained vacant for more than a year are 220,000 square metres (sqm), 440,000 sqm and 2.7 million sqm, respectively. By proportion, these figures represent 3.4%, 5.4%, and 5.0% of the total available space in each sector, and are generally comparable to pre-pandemic levels.