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S'pore prime-office rents may fall 3% in next 3 years

Knight Frank also says premium-grade offices with large floor plates of over 10,000 sq ft will be hit the hardest

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Prime-office rents in Singapore could see an overall 3 per cent drop over the next three years, as some 7.6 million square feet of new office supply in gross floor area (GFA) will come on stream.

Singapore

PRIME-OFFICE rents in Singapore could see an overall 3 per cent drop over the next three years, as some 7.6 million square feet of new office supply in gross floor area (GFA) will come on stream.

This is taking place in contrast to the double-digit office rental growths