Chart from Knight Frank

Expert forecasts continued rise in prime office rents

In 1Q24, Singapore recorded a 3.4% YoY uptick in occupancy cost.

Prime office rents will continue to rise in the next 12 months, Knight Frank reported.

In 1Q24, Singapore already saw a 3.4% YoY and 0.6% QoQ increase in prime rents.

Within the Asia-Pacific region, Singapore also has the highest rent at US$114.18 per square foot a year.

Singapore ranks behind Hong Kong in occupancy cost.

Despite having one of the highest rents, Singapore has the lowest vacancy rate in APAC at 4.3%.
 

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Exclusives

Singapore, Hong Kong take rival paths to capture global gold trade
One builds MAS-backed vaulting for central banks, the other opens a pipeline to Shanghai.
Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.