The Business Times
business-time-50
SUBSCRIBERS

Record low vacancy pushes Singapore office rents up in Q1, tilts market in landlords’ favour

Global uncertainty and rising business costs may temper near-term demand, but scarce supply keeps rents stable and Reits resilient

Summarise
google-preferred-sourceAdd BT as a preferred source
Chong Xin Wei

Chong Xin Wei

Published Tue, Apr 7, 2026 · 07:00 AM
阅读简体中文版 (beta)
    • Analysts say core CBD properties in Raffles Place and Marina Bay have outperformed other areas, delivering double-digit positive rental reversion.
    • Analysts say core CBD properties in Raffles Place and Marina Bay have outperformed other areas, delivering double-digit positive rental reversion. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    [SINGAPORE] Singapore’s office market tightened further in the first quarter of 2026, with vacancy rates falling to multi-year lows and rents extending their growth streak, supporting landlord pricing power.

    While current market dynamics point to near-term resilience, Singapore’s continually rising business costs and geopolitical risks could weigh on tenant demand in the future.

    Rents for core CBD Grade A office spaces rose 0.8 per cent quarter on quarter to S$12.40 per square foot (psf) per month, in their fifth consecutive quarter of growth, according to CBRE data.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Singapore officesSingapore commercial propertySingapore REITs

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Lim's pay package includes about S$3.6 million as salary and around S$3.9 million as bonus, indicates the company's annual report.

    Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    Those aged below 30 account for the largest share of overqualification.

    More workers in Singapore opt for jobs for which they are overqualified: MOM, NTUC studies

    While residential property has delivered solid gains, observers say other assets such as equities often outpace it over the longer term.

    Higher costs, lower returns: Why are Singaporeans still betting on real estate?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More