Grade A office leasing in Singapore still sluggish in Q3 amid work-from-home trend
Some firms are relooking future office needs, but others seizing chance to expand at more attractive rates: report
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Singapore
LEASING activity for Grade A offices in Singapore came to a halt during the "circuit breaker" period and remained sluggish during the third quarter this year, says real-estate services firm Cushman & Wakefield (C&W).
In the face of business uncertainty, tenants with immediate lease expiries are seeking short-term renewals. And with office space under-utilised as work from home (WFH) remains the default, firms are conducting workplace strategy studies to determine their future office needs, C&W said in a report on Tuesday.
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