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
The S$1 million National Day paradox: ‘money dysmorphia’ amid a wealth surge
CapitaLand Investment to restructure portfolio, recycle up to S$9 billion
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
