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.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. 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