Chart of the Day: Occupied Grade A office space in CBD hit 520,000 sq ft in 1Q14

Thanks to strong commitment levels.

According to Savills, due to the healthy commitment level at Asia Square Tower 2, the net absorption of Grade A office space in the CBD reached about 520,000 sq ft in Q1/2014.

Although it is still short of the net supply of 780,000 sq ft contributed by the same development, it is already more than half of the 973,000 sq ft for the whole of last year.

Here's more from Savills:

The overall vacancy rate of CBD Grade A offices therefore rose 0.9 of a percentage point (ppt) from 3.4% in Q4/2013 to 4.3% in Q1/2014.

The vacant space left in Asia Square Tower 2 pushed up the vacancy rate in the Shenton Way area to 10.6% by the end of March, from 4.6% three months ago.

On the other hand, the vacancy rate in most of the other submarkets, including Raffles Place/Marina Bay, Tanjong Pagar and Beach Road/Middle Road, fell by 0.3 to 2.1 ppts quarter-on-quarter (QoQ).

By grade, the AAA segment saw its vacancy level increase by 3.9 ppts to 6.5% by the end of March. In contrast, office space in other segments continued to be absorbed, with vacancy falling by 0.2 of a ppt to 2.9% for AA Grade and 0.3 of a ppt to 3.7% for A Grade.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia