Rents of prime office space in Singapore 21% higher than wider Grade-A stock: Savills

Rents of prime office space in Singapore 21% higher than wider Grade-A stock: Savills was reported by EdgeProp Singapore on 13 August 2024.

Singapore has maintained its ranking as the seventh most expensive city for office space as of 2Q2024, according to Savills.

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 market

• Location: Singapore

• Reported benchmark: 21%

• News date: 13 August 2024

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Source: EdgeProp Singapore, 13 August 2024