singapore office leasing market
Singapore’s office sector still a landlord’s market
Singapore’s office sector still a landlord’s market
The office rental index surged by 11.7% in 2022.
Remote working may not be as pervasive in Singapore as initially thought: Knight Frank
The office leasing market remains active with occupiers looking for quality space.
Singapore office net absorption breaches 10-year average in 2022
The net absorption hit 1.15m sq ft during the year.
Singapore Grade A office rents increase 8.3% in 2022
The growth surpassed the 3.8% hike recorded in 2021.
See how Singapore’s flex space market is recovering from the pandemic
Flex workspaces now have average occupancy rates of 80-90%.
Singapore’s office takeup forecast to double in 2022
Thanks to robust positive net absorption in the third quarter.
Singapore CBD Grade A office net demand at an all-time high since 2019
Net demand hit 580,000 sq ft in Q3 2022.
Singapore office sector to be a “landlord’s market” going into next year
Rents are expected to rise by up to 5% for this year.
Singapore Grade A office rents hit 14-year high in Q3
Monthly rents rose 2.9% to SGD11.06 per sq ft, surpassing the pre-pandemic peak.
Singapore office net absorption drops to -76,235 sq ft in Q2
It was a huge decline from the previous quarter’s 265,000 sq ft.
What is the two-tier market now forming in Singapore’s office sector?
Landlords are bullish about the rental trajectory in one of the two tiers.
4 trends to watch in Singapore’s office property market
There may be a ‘severe shortage’ of office space in 3 to 5 years’ time.
Singapore prime office rents up 1.5% in Q4 2021
But full-year rents declined 0.3% in 2021.
Singapore Grade A office rents grew 4.2% in 2021
JLL expects rents to grow twice as fast this year.
How will the series of Chinese reforms impact Singapore’s office leasing market?
The sector’s recovery has always been hinged on the office demand from Chinese firms.
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