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Chart of the Day: Leasing rents predicted to inch up by 0.3% in 4Q13
As business outlook continues to improve.
According to Knight Frank, as prospective tenants gear up to conclude office leases towards year end, leasing activity is expected to increase till end-November before the year-end vacation season.
"We forecast overall rents to inch up by around 0.3 per cent q-o-q in 4Q 2013, on the back of improving business sentiment, rising rent expectations from landlords and the addition of new office developments," Knight Frank said.
Average rents in the CBD area are likely to stay firm or register modest increases of between 0.2 to 0.3 per cent for the last quarter this year.
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