Occupancy rate of Premium, Grade A offices in CBD down 1.7%

Here's what led this fall.

According to Colliers International, the average occupancy rate of Premium and Grade A offices in the CBD eased 1.7 percentage points to 93.5% in 3Q 2013, down from a four-and-a-half year high of 95.2% in 2Q 2013.

The fall was led by a 6.5-percentage point drop in occupancy rates in the Premium Grade office space in the Raffles Place/New Downtown micro-market to 87.0% in 3Q 2013 due to the completion of Asia Square Tower 2 (733,000 sq ft) at Marina View.
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.