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S'pore leads Asia-Pac's prime office rental growth

Tenants demanding good-quality space, now in limited supply. Average CBD rent in Singapore was at S$10.30 psf in Q3

Published Wed, Nov 19, 2014 · 09:50 PM
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Singapore

SINGAPORE recorded Asia-Pacific's highest growth in prime office rentals of 19 per cent over the 12 months to end-September 2014. This was boosted by tenants' demand for good-quality space, which remains in limited supply as vacancy tightens.

The cities of Taipei, Wellington and Auckland were ranked next, recording annual growth rates of between 8 and 10 per cent, a property digest released by JLL on reported on Wednesday.

Quarter-on-quarter, Singapore's average central business district (CBD) rents rose 3.1 per cent to S$10.30 per square foot (psf) per month …

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