Singapore office rents up 3.3% in Q1 2021

Singapore

RENTALS of office space in Singapore's central region turned a corner in the first quarter of 2021, as rents rose 3.3 per cent quarter on quarter, versus a 3.5 per cent contraction in the fourth quarter of last year.

As vaccination efforts progress and the economy get back on track, some analysts project that the office rental market will bottom out this year before starting to recover in 2022.