Singapore CBD rents to hit S$9.54 psf per month by end-2020: report
Emerging vacancy in market has placed downward pressure on Grade A office rents, CBRE says in separate report
Add BT as a preferred source
Singapore
CUSHMAN & Wakefield is projecting rents in Singapore's central business district (CBD) to land at S$9.54 per square foot (psf) per month by the end of 2020, down 10 per cent from 2019's peak of S$10.66 psf per month, it said in a report on Thursday.
Emerging vacancy in the market placed a downward pressure on Grade A office rents, CBRE said in a separate report on the same day.
TRENDING NOW
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Xi Jinping has just rewritten the rules of US-China rivalry
Brewing success: How three brothers turned Brewerkz Group’s fortunes around
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
