This corresponds to 10.5% increase in warehousing leases between January and
In all, 86 new companies took up warehousing facilities in the first half of 2014, with a significant addition to tenants within the industrial and commercial zones.
He added: "The growth in warehouse leases reflect the burgeoning demand and upbeat business sentiment across the entire spectrum of economy. The economic activity in the past one year has already translated into rising levels of optimism and growth, offsetting the challenges in the real estate sector from the past." All warehouses within DIP allocate a maximum of 10% of its built-up area for office space, thereby providing companies with the opportunity to have office and warehousing operations under one roof and efficiently manage their logistics needs. Many companies find this to be a major advantage since it optimizes the production to warehouse to retail outlet cycle.
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