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Average monthly Orchard Rd gross retail rent may slip by up to 5% in 2015: Colliers

Wednesday, July 8, 2015 - 05:50

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Colliers attributed the fall in rent for retail space in Orchard Road (above) primarily to labour and occupational cost pressures, as well as competition from new malls in the suburban regional centres.

Singapore

THE average monthly gross rent for retail space in Orchard Road might correct by up to -5 per cent in 2015, according to a report by Colliers International.

This follows a lacklustre Q2, during which monthly rent for retail space in the prime location eased from S$35.83

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