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Singapore's city-fringe business park rents to rise as firms cut costs
With portions of employees working from home, the need for CBD office space has declined
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Published Tue, Oct 20, 2020 · 09:50 PM
Singapore
RENTS for business parks in Singapore's city fringe are projected to rise as more firms seek out business parks with Grade-A office specifications in a bid to cut their real-estate costs.
In the third quarter of 2020, rents of business parks in the city fringe stood at S$5.91 per square foot per month (psf/month), up 0.2 per cent quarter on quarter and 2.4 per cent higher from a year ago, data from real estate services firm Cushman & Wakefield showed.
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