News

The future is collaboration for these new office spaces.

A change in people’s daily habits is causing a shift in what’s important to have in an office space.

Vacancies stood at 1.3% at end-4Q20, increasing 60 bps q-o-q and 80 bps y-o-y.

Blame it on the weak outlook amid market uncertainties.

Take-up in 4Q20 reached 85,800 sqm, enough to lift total net absorption to 68,700 sqm for 2020.

Thanks to strong pre-leasing activity in both the bay area and inland areas.

JLL says there are reasons to be optimistic as we progress into 2021.

That is after two consecutive years of increase.

The global urban, infrastructure, and managed services consulting firm has developed a tool to enhance the work process and operational efficiency of building management.

The real estate group is adopting sustainability innovations through its CapitaLand Sustainability X Challenge and devising a new metric to measure its sustainability outcomes.

This is 31% lower than the 10-year annual average.

The city's CBD saw the strongest net absorption on the back of robust leasing activities.

The limited office space availability allowed landlords to raise rents in 4Q20.

The unsold rate already hit 4.85% in Q4 2020.

Global capital investment volume to this asset class slipped by only 7% in 2020.

The fall will be front loaded to the first half of 2021 before rents stabilise in the second half.