Time to Go Shopping for Singapore Office Space

Time to Go Shopping for Singapore Office Space


January 2009

Contribution from Cushman & Wakefield. Singapore office rents are in a deep decline. When and where the trough will be remains highly debatable. The upside is that occupancy costs will decrease for tenants renewing or securing leases in the next few quarters. In this report, we highlight the main reasons for the drop in office rental, making retrospective comparisons with previous recessions.

Keywords: Cushman & Wakefield, market report, Singapore, Asia, office, economic downturn, recession, recovery, office, occupancy cost, rent, supply, demand,

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