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
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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.
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