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
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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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