Orchard Area retail rents rise 1.7% in Q4 2025

Retailers flock to high-visibility Orchard locations, boosting rents.

Orchard Area retail rents reached $23.60 per square foot in the fourth quarter (Q4) of 2025, up 1.7% year on year, reflecting sustained tenant demand for high-visibility locations that drive footfall and brand positioning within the Central Area, according to a Savills report.

Suburban rents also rose 1% over the quarter to $14.90 per sq ft. Market data showed 366,000 sq ft of net absorption in Q4, with total net absorption for 2025 reaching 301,000 sq ft—below the four-year post-recovery average of 1 million sq ft.

Islandwide retail vacancy stood at 6.3%, whilst Central Region vacancy fell 0.5 percentage points to 7.3%. Landlords adjusted tenant mix strategies to focus on food and beverage (F&B) and experience-based retail.

Whilst 2025 saw some F&B closures, new openings outpaced cessations as international brands—including On, Alo Yoga, and Chaufifth—entered Singapore.

Scheduled completions for 2026 total 504,000 sq ft, with larger projects in the pipeline including the 660,000 sq ft Marina Square redevelopment and Changi Airport Terminal 5 at 435,000 sq ft.

Future developments include the Tanjong Katong Complex at 235,000 sq ft and Forum The Shopping Mall at 202,000 sq ft.

Orchard Road and suburban retail rents are projected to rise 1% to 2% in 2026, whilst supply is expected to average under 324,000 sq ft per year over the next two years.

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