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Raffles Place's office rents catching up with Marina Bay's

4% rental gap in Q3, smallest since 2011, due to higher occupancies, lack of new Grade A space in Raffles Place

    Published Mon, Nov 30, 2015 · 09:50 PM
    Narrowing rental gap/Softening trend

    Singapore

    GRADE-A office rents in Singapore's traditional Raffles Place CBD nearly caught up with the newer business district in Marina Bay in the third quarter of this year.

    The rental gap between the two areas was 4 per cent in the third quarter, the smallest differential since 2011, according to Cushman & Wakefield.

    Knight Frank

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