
Average vacancy rate for Grade A space fell by 4.9%.
Led by Q4 absorbtion.
According to Cushman & Wakefield, Q4 absorbtion leads to vacancy level fall: with the delay in completion of Orchard Gateway to 2014, Asia Square Tower 2 was the only Grade A office building to be completed in 2013. As a result of decent abosorbion throught Q4, the average vacancy level for the overall Grade A market fell by 4.9%.