pemChinese tech, legal firms are the main demand drivers this quarter./em/p pRents of Grade A offices in Singapore’s core central business district (CBD) held steady at $11.95 psf per month in the second quarter, pausing after rising non-stop for the past 12 quarters, according to CBRE.
Rents of Grade A offices in Singapore’s core central business district held steady at $11.95 psf per month in the second quarter, pausing after rising non-stop for the past 12 quarters, according to CBRE.
Tenants are now presented with more workspace options given the significant volume of upcoming lease expiries as well as the completion of IOI Central Boulevard Towers, according to David McKellar, CBRE Co-head of Office Services and Occupier Services. The property agency said firms in the legal sector and some of China’s tech giants were the biggest demand drivers of workspace in Singapore’s core CBD.“While the new completions have temporarily softened the upward pressure, we may see a pick-up in H2 2024 with leasing activity for new developments gaining momentum,” said Tricia Song, CBRE's Head of Research....there are many ways you can work with us to advertise your company and connect to your customers.
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