Office rents in Singapore’s central region fall 0.2% in Q1: URA

[SINGAPORE] The Urban Redevelopment Authority’s (URA) rental index of office space in Singapore’s central region fell 0.2 per cent in the first quarter of 2026 over the preceding quarter.

This contrasts with the 0.4 per cent quarter-on-quarter gain in the index in Q4 2025.

URA data released on Friday (Apr 24) also showed that the price index for offices in the central region rose 0.2 per cent quarter on quarter in Q1, against a drop of 0.7 per cent in the previous quarter.

Islandwide, as at end-Q1, there was a total supply of about 867,000 square metres (sq m) gross floor area of office space in the pipeline – same as that in the previous quarter.

The amount of occupied office space increased by 26,000 sq m of net lettable area in Q1, after remaining unchanged in the previous quarter.

The stock of office space rose by 8,000 sq m of net lettable area in Q1, compared to the drop of 7,000 sq m in the previous quarter.

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Office rents in Singapore’s central region fall 0.2% in Q1: URA

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As a result, the islandwide vacancy rate of office space fell to 10.8 per cent as at end-Q1, from 11.1 per cent as at the end of the previous quarter.