Singapore 2024Q1 Office Rental Report.
In the first quarter of 2024, prime and Grade A office rents in the core Central Business District increased 0.7 per cent quarter-on-quarter to S$11.57 PSF, following two consecutive quarters of decline.
In the first half of 2024, tenants can take advantage of the uncertainty in the market to negotiate their needs, otherwise they may face a positive adjustment in future rents.