Office markets see ‘positive signs’ amidst precarious COVID-19 situation

These signs include the prevailing tight vacancy in the Grade A market.

“Positive signs” were observed in the office market for the third quarter of 2021 despite the re-tightening of safety measures in Singapore which led to work from home as default working arrangement.

The first bright spot listed by CBRE Research was the completion of the office component in CapitaSpring which contributed 0.21 mil sq. ft of positive islandwide office net absorption for the third quarter.

Analysts expect technology and non-banking financial services firms to continue to spur leasing activity.

There also have been prevailing tight vacancy in the Grade A market, according to analysts

CBRE reported an acceleration in rental growth in the Grade A segment, and expansion of rent by 1.4% -0-9 to $10.65 psf/month for Q3.

“The outlook for the office market looks positive as the sector is underpinned by tight vacancy,” CBRE said.

“Coupled with the limited number of options over the next three years, and the rapid expansion in demand from the technology sector, CBRE Research expects further rental growth in the mid term,” they added.

Follow the link for more news on

CBRE

Grade A office

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.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia