Chart of the Day: See the record-low drop in Singapore’s office vacancies in 2015-2018

It’s going to be the region’s lowest.

Tight supply has pushed up rents for offices in the region, but leasing momentum has also been sustained at a level that has gradually eroded vacancies and tilted the market in the landlord’s favor, says Sigrid Zialcita of Cushman and Wakefield.

According to a report by the firm, rents of prime Grade A office space in Singapore’s major commercial districts increased by 1.6% in Q4 due to prevailing tight vacancies.

This brings the full-year growth to 10.9 percent – the highest figure among the core markets in the Asia Pacific (APAC) region.

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