CBD Grade-A office posts marginal rental growth in 2Q2024: Colliers

CBD Grade-A office posts marginal rental growth in 2Q2024: Colliers was reported by EdgeProp Singapore on 11 July 2024.

Core CBD premium and Grade-A office rents in 2Q2024 grew at a slower pace of 0.5% q-o-q to $11.63 psf per month, compared to the 0.7% q-o-q growth in 1Q2024, according to Colliers.

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: 11 July 2024

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Source: EdgeProp Singapore, 11 July 2024