Supply-driven office market to sustain Singapore’s 10-year usage

Supply-driven office market to sustain Singapore’s 10-year usage was reported by EdgeProp Singapore on 20 June 2023.

From 2024 to 2028, the projected new office supply in Singapore stands at 3,196,000 sq ft NLA, based on Savill's research.

Why this matters for Singapore commercial property

The update adds evidence on office demand, workplace strategy, vacancy and the competitive position of Singapore business districts. The story is relevant to businesses, landlords and investors comparing current market evidence before making leasing or acquisition decisions.

Key takeaways

• Market: Singapore office market

• Location: Singapore

• News date: 20 June 2023

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Source: EdgeProp Singapore, 20 June 2023