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
Add BT as a preferred source
Published Tue, Apr 7, 2026 · 07:00 AM
[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.
