You are here

Retail, office rents headed for divergent paths

Vacancy rate of office space at the end of Q1 remains flat at 10.2%, URA data show


RENTAL outlook for office and retail space will take divergent paths this year, and the trend is already telling in the latest Q1 data.

Retail rents decreased by 0.3 per cent in the first quarter, after a 0.5 per cent increase in Q4 2014, while office rents rose 0.6 per