Singapore Office Rental Guide
Use headline psf rent as a starting point, not the whole answer.
Updated 28 October 2026 · CBD Office Space
How should you compare Singapore office rents?
Compare offices using the same lease period, usable layout and total occupancy budget. Headline rent per square foot is only one part of the decision: service charges, fit-out, furniture, operating costs and reinstatement can change which option is better value.
What belongs in the occupancy budget?
- Recurring: rent on the chargeable area, service charges if separate, utilities, connectivity, cleaning and any after-hours air-conditioning charges.
- Entry: design, fit-out, furniture, IT installation, moving, professional fees and applicable lease stamp duty. Check whether quoted amounts include applicable GST.
- Cash tied up: security and renovation deposits. Separate refundable deposits from actual expenses.
- Exit: reinstatement, removal and any overlap between the old and new lease.
A useful comparison is total non-refundable cost over the intended lease divided by the number of occupied months. Show deposits separately as a cash-flow requirement. Avoid counting the same service charge or incentive twice.
Is a fitted office cheaper than a bare office?
A fitted office can cost less overall when its layout, systems and condition suit your team. A bare office gives more design freedom but needs a fit-out budget and programme. Compare written alteration and reinstatement obligations before treating an existing fit-out as a saving.
For the inspection checklist, see our fitted office takeover guide.
Raffles Place or Tanjong Pagar: which should you shortlist?
| Area | Useful starting point | What to verify |
|---|---|---|
| Raffles Place / Marina Bay | Central business meetings and a CBD address | Actual client routes, MRT walking route, lift demand and full occupancy cost |
| Tanjong Pagar / Robinson / Cecil | A shortlist across towers and different building vintages | Unit condition, air-conditioning hours, access and fit-out suitability |
| Bugis / Beach Road / Orchard | Central alternatives for different client and staff travel patterns | Door-to-door commute, amenities and comparable landlord proposals |
| Paya Lebar / HarbourFront / Jurong East | Options aligned with a team’s travel or operational needs | Permitted use, client journeys and total cost rather than an assumed regional discount |
Area labels do not establish a current rent or building grade. Compare live proposals for specific units. Browse the office building directory to narrow the search.
Where should current rent evidence come from?
Use current landlord proposals and suitable, dated comparables. URA’s office rental statistics provide wider market context; an index is not a quotation for a particular unit. The old Q3 2025 asking-rate snapshot is historical and should not be presented as a current offer.
Who can help a company find an office in Singapore?
CBD Office Space provides office leasing and tenant advisory through SRI Pte Ltd. We compare buildings and units, arrange viewings, evaluate occupancy costs and help with commercial lease negotiations. Confirm the scope of representation and any fee arrangement before an appointment.
Send your preferred areas, approximate size or headcount, monthly occupancy budget, move-in date and fitted/bare preference through our office leasing service. The next step is a requirement discussion and shortlist, subject to current availability.
Sources and checks
- URA commercial property data — market context.
- IRAS renting a property — lease stamp duty guidance.
- CEA guidance on engaging a property agent — registration and commission arrangements.
Ask about your actual requirement.
Live asking rents, availability and transactions change. Send the building, size and timing for a current discussion.
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