Singapore's office rents amongst world's most expensive

Rents are priced at US$68 psf on average.

Singapore’s office rents ranked 19th in the world’s most expensive office destinations with an annual average price of US$68 per sq ft (psf), US-based commercial real estate listings Commercial Cafe reported on their website.

Office rents in Singapore's central business district (CBD) is now more expensive than Miami's CBD in Florida, which ranked seven in the US most expensive office rents, priced at US$63.60 psf.

Further, four Asian countries made it to the world’s top five priciest office rentals.

Office rents in Hong Kong’s CBD topped the list, with an annual rental rate of US$269 psf, followed by Beijing’s Finance Street in China, which is priced at US$174 psf. Office rents in Tokyo’s Marunouchi in Japan and Shanghai in China came at fourth and fifth, with an annual rent of US$132 and US$120 psf, respectively.

Singapore Business Review also previously reported that Singapore’s office rental growth is expected to be the second fastest in Asia Pacific, with a forecast rate of 9% to 10% this year.

Also Read

One Sophia sells 30% of units at weekend launch

SLA launches tender to revitalise Tanjong Katong Complex

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit