
Chart of the Day: See the record-low drop in Singapore’s office vacancies in 2015-2018
It’s going to be the region’s lowest.
Tight supply has pushed up rents for offices in the region, but leasing momentum has also been sustained at a level that has gradually eroded vacancies and tilted the market in the landlord’s favor, says Sigrid Zialcita of Cushman and Wakefield.
According to a report by the firm, rents of prime Grade A office space in Singapore’s major commercial districts increased by 1.6% in Q4 due to prevailing tight vacancies.
This brings the full-year growth to 10.9 percent – the highest figure among the core markets in the Asia Pacific (APAC) region.