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Office spaces outside CBD 'need to work harder'

They need competitive edge as rental gap between central area and beyond narrows, say market watchers

Richard Paine, managing director of Paya Lebar Quarter, says non-CBD areas have the advantage of less traffic congestion and more affordable space to house all of a company's operations under one roof.


THE rental gap between Grade A central business district (CBD) office space and those outside the district is the smallest that it has been in a decade. With CBD rentals having plummeted more than 20 per cent since the start of 2015 according to CBRE's index, city-fringe and...