2018 CBD Grade A office rents post highest increase since 2010: Colliers
They increase by 2.4% to S$9.43 psf pm from Q3 to Q4 2018, bringing full-year rental growth to 14.9%
Singapore
TIGHTENING vacancies have driven up Singapore prime office rents in 2018. This saw average CBD (Central Business District) Grade A office rents rising by 2.4 per cent to S$9.43 per square foot per month (psf pm) from third quarter to fourth quarter 2018, bringing the full-year rental growth to 14.9 per cent, Colliers International's data showed.
This is the fastest annual growth since 2010, where rents rebounded by 22 per cent following the Global Financial Crisis, said the property consulting group.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further, as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Lucrum Capital looks to sell Killiney hotel site for S$195 million
US 30-year mortgage rate rises to five-month high of 7.24%