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Office rents fall 0.6% in Q3, rental growth projected to slow

Analysts attribute this to supply pressures and softer occupier demand amid an uncertain business environment

Nisha Ramchandani

Published Fri, Oct 25, 2019 · 09:50 PM

Singapore

OFFICE rents in the Central Region eased 0.6 per cent in the third quarter, according to the latest data from the Urban Redevelopment Authority (URA).

Rental growth is expected to be slow going forward, given that a weakening economy will prompt more occupiers to hit the pause button on expansion plans.

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