Rents of Grade A CBD offices, prime retail spots facing pressure

Singapore

RENTS across both Grade A CBD office spaces and prime retail spots will likely continue to face pressure in the coming 12 months, says property consultancy Cushman & Wakefield in its Q2 Marketbeat reports. It forecasts declines across the board, except for prime suburban retail which has a stable 12-month outlook.

On the retail front, the consultancy noted that there are increased food and beverage (F&B) components in shopping malls and department stores to co…