You are here

Central Region office, retail rents slide even faster in Q1

But market players see office segment turning around earlier than retail which is undergoing structural changes

URA's islandwide office vacancy rate continues to climb, reaching 11.6 per cent at the end of Q1 from 11.1 per cent at end-Q4 2016.


BOTH office and retail rents retreated at a steeper pace in the first quarter of this year amid rising vacancies, according to latest official statistics.

However, the general view is that the office market will probably start to turn around earlier than retail, which...

Market voices on: