Prime office rents rise 0.9% YoY in Q2

Knight Frank said Singapore’s prime office market remains stable.

Prime grade office rents in the Raffles Place/Marina Bay precinct slightly rose by 0.9% year-on-year to $11.38 per square foot per month, according to Knight Frank’s Asia-Pacific Q2 2025 Office Highlights report.

Knight Frank reported a 5.3% office vacancy rate in Singapore and said that the country’s prime office market remained “largely stable.”

The Q2 report highlighted that most occupiers continued to prefer renewals to avoid raising CAPEX where possible.

“As such, leasing activity will mostly be made up of small and mid-size spaces in flight-to-quality moves in the latter part of 2025,” Knight Frank said.

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