Industrial Industrial land is primarily safeguarded for industrial activities such as on-site manufacturing of goods, assembly and repair workshops, as well as warehouse and storage facilities. The URA zones land to support industrial activities to ensure that limited industrial land is kept affordable for industries. Independent offices and shops are not considered industrial use and are not allowed within industrial developments. These activities should be carried out on land zoned for commercial use. To ensure that limited industrial land is used mainly for industrial uses, the URA requires at least 60% of the total floor area of an industrial development to be used for core industrial activities. However, URA recognises that certain non-industrial activities, such as ancillary offices1, staff canteens and showrooms are needed to support the predominant industrial uses. Hence, such supporting non-industrial uses, together with other ancillary areas (e.g. lift lobbies and circulation spaces) are allowed to occupy up to 40% of the total floor area of an industrial development. Based on JTC Quarter 2015 reports, prices and rentals of industrial space continued to fall in tandem with occupancy rates. In 4Q 2015, prices and rentals fell by 1.5% and 1.1% compared to the previous quarter. Over the whole of 2015, prices and rentals fell by 1.7% and 2.1% compared to the previous year. As a comparison, prices rose 3.5% and rentals fell by 2.1% over the whole of 2014. In 2015,the total stock of industrial space increased by 1.6 million sqm, which included 450,000 sqm of multiple - user factory space. In 2016, it is estimated that about 2.9 million sqm of industrial space, which includes 616,000 sqm of multiple - user factory space, will come on-stream. The Government will continue to monitor the industrial property market closely to ensure that the diverse needs of industrialists are met. Appropriate measures will also be introduced where necessary to promote a stable and sustainable industrial property market. In 2016 and 2017, about 2.9 million sqm and 1.6 million sqm of industrial space is estimated to come on-stream respectively. This constitutes about 6% and 3% of current available stock. As a result, prices and rentals of industrial space have softened following the increase in supply of industrial land and space by the Government in recent years. With a large supply coming on-stream over the next few years, there will be a wide range of options for industrialists planning to expand their operations.