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Office market starts shifting in landlords' favour again

Take-up rate for new Grade A space in the CBD was better than expected this year amid a rosier economic outlook

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Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Dec 27, 2017 · 09:50 PM
    Uptick
    Lumpy supply, vacancy hike

    Singapore

    IT TOOK a while, but the high end of Singapore's office rentals finally hit the bottom this year - earlier than expected.

    This was because the take-up rate for Grade A office space in new developments in the Central Business District (CBD) was more robust than anticipated. Another reason was the rosier economic outlook.

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