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Despite flat office rents, Reits set to enjoy positive rental reversions
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Kalpana Rashiwala
Published Wed, Jan 8, 2020 · 09:50 PM
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AFTER an impressive two-and-a-half year run, Singapore CBD Grade A office rentals appear to be taking a breather.
JLL's gross average monthly rental value for its CBD Grade A office rental basket stood at S$10.81 per square foot (psf) in the fourth quarter of 2019, unchanged from the preceding quarter.
All in, the average rental value has risen 28.5 per cent from the recent trough of S$8.41 psf in Q1 2017.
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