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Chart of the Day: Singapore lags behind Guangzhou in Grade A office rental growth
Both markets' growths were backed by limited availability paired with relatively healthy demand.
This chart from CBRE research shows that Singapore’s Grade A office rental growth of 3.5% QoQ in Q3 is lower compared to Guangzhou’s growth rate of 3.7% QoQ.
On a YTD basis, Singapore’s Grade A office rental growth hit 10.8%.
According to CBRE Research, office rental growth rose to 1.4% QoQ in Q3 amidst limited availability and relatively healthy demand in Guangzhou, Singapore, and the Pacific.
Meanwhile, the study found that weaker markets include Shanghai and Auckland which saw a marginal decline in effective rents as landlords hiked incentives to secure quality tenants.
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