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.