singapore office rents
AI giants expand in CBD whilst corporates stay put to avoid relocation costs
AI giants expand in CBD whilst corporates stay put to avoid relocation costs
No new CBD supply until 2027 as Raffles Place rents reach $11.69 psf pm.
Office demand outpaces new CBD supply: reports
Only Shaw Tower is scheduled for major Grade A office completion in the CBD next year.
Singapore ranks 7th most expensive place for prime offices in APAC
Prime office rents stood at 33.7% in APAC.
Office space prices rise 3.1% in Q2
In Q2, occupancy decreased by 20,000 sq m.
Singapore Grade A office rents up by 0.7% after two quarters decline
Tight supply and renovation costs drive rent increase.
Record building completion to soften office rents in 2024
Savills expects rents to soften from -2% YoY to -3% YoY.
CBD Grade A office spaces vacancy rises to 7.4% in Q1
This is the second consecutive quarter that the vacancy rate increased.
What is driving demand in the office market?
The market is expected to post a full-year rental growth of around 3% to 5%.
Singapore “safe haven” reputation to prop up prime grade office rents
Full-year office rent growth will come between 3% up to 5%.
Chart of the day: CBD Grade A rents rises by 1.6% in Q2
Vacancy rates to tighten to 4%, an analyst said.
Office space rents rise 1.6% in Q122
The rent increase was higher than the previous quarter's record of 0.9%.
CBD Grade A office rents projected to grow 4.6% in 2022
SG's positive economic outlook pushed the office market this year.
SG office rents up as workplace revolution persists
Prime office rents rose 1.5% QoQ in the fourth quarter of 2021.
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