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Singapore office rents soften in Q3 on economic outlook: DTZ

Average monthly gross rents in CBD falls by 4.1% q-o-q in the first decline from an uptrend since 2013

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"About 2.6 million sq ft of office space will come on board next year in the CBD, of which 1.9 million sq ft emanates from Marina One," according to DTZ.

Singapore

AVERAGE monthly gross rents in the central business district (CBD) declined by 4.1 per cent quarter on quarter (q-o-q) to S$10.40 per square foot in Q3 in the first decline from an uptrend since 2013, said DTZ South-east Asia.

This comes on the back of headwinds in the

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