Singapore office rents fall in 3Q2023 on weaker demand: JLL

Singapore office rents fall in 3Q2023 on weaker demand: JLL was reported by EdgeProp Singapore on 25 September 2023.

JLL's research showed that gross effective rent for Grade A office space in the CBD fell 0.3% q-o-q to an average of $11.29 psf per month in 3Q2023.

Why this matters for Singapore commercial property

For occupiers and landlords, this is a practical indicator of rental direction, vacancy risk and negotiating conditions in Singapore’s office market. The story is relevant to businesses, landlords and investors comparing current market evidence before making leasing or acquisition decisions.

Key takeaways

• Market: Singapore office rental market

• Location: Singapore

• News date: 25 September 2023

Explore Singapore commercial properties and current featured listings. For a tailored office or investment search, contact CBD Office Space.

Source: EdgeProp Singapore, 25 September 2023