Singapore Office Market Reports Rent Increase in Q1 2022

Friday, 12 April 2024, 00:00

In Q1 2022, Singapore's office market experienced a significant rebound with a rise in rental rates after two quarters of decline. Tenants ranging from law firms to finance companies opted for premium spaces or lease renewals, avoiding relocation due to cost factors. Colliers reported this trend, signifying a positive shift in the region's commercial real estate landscape.
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Singapore Office Market Reports Rent Increase in Q1 2022

Singapore Office Rents Surge in Main Business Zones - Q1 2022 Update

Rents in Singapore’s office market rose in the first three months of the year, shaking off two consecutive quarters of declines as some tenants snapped up limited premium spaces and others renewed their leases instead of relocating owing to cost considerations, according to Colliers.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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