,Singapore

Prime office rents inched up 1.5% in Q4

More tenants from various industries filled up spaces in all precincts.

Prime office rentals inched up by 1.5% YoY in Q4, compared with the 0.7% YoY decline in 2016, Knight Frank Singapore revealed.

According to its office market snapshot, the amount of space available for lease in most precincts saw a decline, with tenants from various industries signing up spaces in Q4.

Grade A+ office space rents saw an increase of 1.7% QoQ at the Raffles Place and Marina with a fall in total space available for lease by 1.5% QoQ.

Knight Frank office advisory executive director & head Calvin Yeo said, "Landlords of Grade A+ office buildings are gradually adjusting rents upwards in view of the limited new supply of prime offices coming on stream until 2020."

Grade A office space rents rose across several precincts, with Suntec and Marina Centre precinct witnessing the highest growth by 1.7% QoQ. Grade A office space rents in the Shenton Way/Robinson Road/Tanjong Pagar, City Hall and Orchard Road precincts also saw increases of 1.2% to 1.3% QoQ.  

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The partnerships aim to improve care delivery and patient outcomes.
The KoolLogix cooling system for data centres uses passive heat extraction and removal.
This is the first-of-its-kind collaboration between an index provider and an airport group.
The new initiative is targeted towards offering greater savings and flexibility.
Mapletree Logistics Trust was seen with the most growth.
Flexibility, specificity, and customer-centred approaches prove to be the edge in today’s enterprise application software companies.
The list is from Investigoal, which gave Singapore a score of 8. 
It won't push through with the acquisition of the majority of stake in a Vietnam property firm.
DBS Country Head Shee Tse Koon has apologised for the disruptions.
Only two in five Singaporean internet users are aware of NFTs.
October postings were up by 76% from February 2021.
Three of the four initiatives were spearheaded by Enterprise Singapore.
The agreement comprises two payments.
MTI cited four downside risks that will affect the economy's growth next year.