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Rental gap between prime and suburban office space shrinks

But it will likely widen again in 2018 as CBD rents climb, given the healthy take-up of new projects and reduced supply

Published Tue, Apr 25, 2017 · 09:50 PM

Singapore

THE gap between suburban and Grade A Central Business District office rentals has narrowed to 75 per cent as at the first quarter of 2017, the narrowest since Q4 2012, real estate agency Cushman & Wakefield reported on Tuesday.

Christine Li, director of research at Cushman & Wakefield, said that the narrowing rental gap would explain the reduced decentralisation activities in the market since 2015.

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