CBD Grade A office rentals likely to be flat this year

Singapore

PROPERTY consultants are generally expecting Grade A office rentals in the Central Business District (CBD) to be flattish this year, after this segment posted slower growth in 2019 than in 2018.

JLL Singapore's head of research and consultancy, Tay Huey Ying said: "Clouded business prospects and subdued growth in Singapore's economy will provide little impetus for rent growth for the most part of 2020."

Colliers International head of research for Singapore Tricia Song's advice to office landlords is: "Stay nimble and relevant; be realistic with asking rents."

She added: "While there is tight vacancy and limited CBD Grade A office completion in 2020 and 2021, these will probably be offset by …