Premium office rents to jump 15% in 2015 as supply squeeze escalates

Grade A rents could grow by 10%.

The office sector will continue to be the star performer in the local property scene. A perceived supply squeeze will cause rents for Premium Grade office space in the Raffles Place/New Downtown micro-market to continue to increase by about 10-15% in 2015, Colliers International revealed.

Meanwhile, rents for the overall Grade A and B office space in the CBD could grow by up to 10%.

As of December 2014, the monthly gross rents of Premium Grade office space in the Raffles Place/New Downtown micro-market averaged at $11.93 per sq ft, rounding up 2014 with an on-target full-year growth of 15.8%. This is almost double the 8% growth in 2013, and closing in on its previous peak of $12.25 per sq ft in 3Q 2011.

Similarly, the average monthly gross rents for Grade A and B office space in the CBD have gained 6.8 per cent and 4.9 per cent year-on-year to reach $9.23 per sq ft and S$8.09 per sq ft, respectively, by the end of 2014.
In fact, they have surpassed their corresponding previous peaks of$9.14 per sq ft in 3Q 2011 and $8 per sq ft in 4Q 2011.

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