Strata office space to see continued demand in 2022; strata retail market to see ‘moderate recovery’ in 2H
Strata office space to see continued demand in 2022; strata retail market to see ‘moderate recovery’ in 2H was reported by EdgeProp Singapore on 7 February 2022.
According to Knight Frank, sales volume for strata office units recovered to pre-pandemic levels in 2021. Strata retail was expected to see a moderate recovery in the second half of 2022.
Why this matters for Singapore commercial property
The outlook provides useful evidence on owner-occupier and investor demand for strata offices, as well as the pace of recovery in strata retail. Buyers, occupiers and landlords can use these signals when comparing pricing, availability and longer-term leasing potential.
Key takeaways
• Market: Singapore strata office and strata retail
• Location: Singapore
• Office outlook: Continued demand in 2022
• Retail outlook: Moderate recovery expected in 2H2022
• News date: 7 February 2022
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Source: EdgeProp Singapore, 7 February 2022