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Net demand in Downtown Core up 30,000 sq m in Q2
URA's office rental index for Central Region eases 1.1%, slower than the 3.4% in Q1
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Kalpana Rashiwala
Published Fri, Jul 28, 2017 · 09:50 PM
Singapore
NET demand for office space in the Downtown Core planning area - where the bulk of Singapore's CBD offices are located - rose by 30,000 square metres in the second quarter.
This is the strongest showing - as reflected in the change of occupied space - for the area since the 53,000 sq m of net lettable area (NLA) recorded in Q3 2012, going by JLL's analysis of official figures released on Friday by the Urban Redevelopment Authority (URA).
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