Banking and finance sector drives 41% of office demand as CBD tightens

The government and insurance sectors follow the ranking.

The banking and finance sector leads office leasing demand by net lettable area, accounting for 41%, according to a CBRE report.

The government and insurance sectors follow, each with 10%. Technology and ICT account for 9%, agile spaces 8%, and transport and storage 6%.

Consumer/industrial products and other sectors each account for 5%, whilst pharmaceutical and energy and commodities each represent 3%.

Occupiers concentrated on high-specification workplaces in core locations, the report said.

Core central business district Grade A vacancy fell from 5.9% in the first quarter of 2025 to 4.5% by year-end, whilst Marina Bay vacancy declined from 9.4% in the second quarter of 2024 to 4.2% in the fourth quarter of 2025.

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