Prime retail rents seen rising further in 2026 with tenant demand firm amid tight supply

[SINGAPORE] Prime and suburban retail rents are expected to continue rising next year, as landlords of flagship properties retain pricing power even as operators contend with high costs.

While signs point to an increasing undertow of tenant churn, demand for prime retail space is being held up by waves of new openings from brands looking for premium spots.

Market watchers’ estimates for prime retail rent increases next year range from between 1 and 4 per cent in 2026, with city centre malls likely outperforming suburban centres as landlords with high occupancy maintain an edge.