Photo by Marc Mueller via Pexels

Grade A office rents climb 1.3% QoQ in Q3

The report said this marked the strongest quarterly growth in six quarters.

Central Business District (CBD) Grade A office rents rose 1.3% quarter on quarter (qoq) to $11.83 per square foot (psf) per month during the third quarter of the year, according to JLL.

The report said this marked the strongest quarterly growth in six quarters, driven by IOI Central Boulevard Towers being added.

Excluding this, CBD office rents maintained modest growth of under 1% for the sixth consecutive quarter.

JLL anticipates rental growth to remain modest for the rest of the year, with full-year growth expected to reach approximately 3%.

However, office rents are expected to increase in 2026, supported by a tightening supply pipeline from 2026 to 2027.
 

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.