singapore office rents
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.
Singapore prime office rents grow 5.5% in 2022
Occupancy levels also remained healthy.
Here’s what really made Singapore CBD office rents rise in 2022
It was not because of increased demand.
Singapore office rents breach pre-pandemic peak, hits all-time high in 14 years
Rents increased 10% to SGD11.1 per sq ft per month in Q3.
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 decentralised office rents to rise 2% in 2023
Rents are expected to grow 3.2% this year.
Singapore Grade A office rents to increase 5.4% this year
Grade B office rents are likewise expected to grow by 2.7%.
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.
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.
Singapore Grade A office vacancy rate drops 1.4ppts to 5.8% in Q3
The drop could be attributed to tenants who have just started moving into their pre-committed spaces.
Have Singapore office rents bottomed out yet?
Q3 Grade A office rents increased 0.7% for the first time in five quarters.
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