Singapore prime office rents up 3% in Q1; demand to stay strong: JLL

Singapore

PRIME office rents in Singapore climbed for a fourth consecutive quarter, rising 3 per cent in the first quarter of this year from the previous three months as leasing stayed active, said JLL in a report on Wednesday.

The increase brings average rents for Grade A office space in the Central Business District to S$9.51 per sq ft (psf) per month, according to JLL's preliminary estimates.