Singapore business park rents
Business park rents in this Singaporean submarket rose for the first time since 2018
Rents grew 1.4% in the last quarter of 2022.
Business park rents in this Singaporean submarket rose for the first time since 2018
Rents grew 1.4% in the last quarter of 2022.
Singapore business park vacancy rate rises to 16.8% in Q4
Supply still outpaced demand during the quarter.
Singapore prime business park rents inch up 0.7% in Q2
The vacancy rate was at 14.9%.
Singapore business park submarkets register widening rental gap
City Fringe monthly rents are at $6psf whilst Rest of Island are at $3.65psf.
Why it is still challenging to find tenants in Singapore’s business parks
The vacancy rate in the East Planning Region business parks increased to 21.5% in 4Q21.
Singapore prime business park rents up 0.7% to S$5.80 per sq ft in Q3
This is a result of improving occupancy levels.
Singapore business park rents slip 0.9% in Q3
Savills expects rents of outlying business parks to bottom out soon.
Most Read
1. APAC demand for flex offices up 13% over the past 5 years 2. Japan new hotel supply growth to underperform 10-year average of 3.7% 3. Hong Kong office vacancy rates could surpass 20% by 2027 4. Singapore prime logistics rents up 3.6% in Q1 5. Singapore real estate investment sales to exceed $25b in 2024Resource Center
Read Here
Advertise
Sign Up
Event News
Event News
EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges
![EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges]()
Co-Written / Partner
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
