137 views

Prime retail rents in suburban areas soar by 0.9% QoQ in Q1 2022

Retail rents in Orchard also went up 0.7% QoQ.

Prime retail rents in suburban areas at the Lion City increased by 0.9% in the first quarter of 2022 on a quarterly basis, compared to 0.5% in the fourth quarter of 2021, global real estate services, Cushman & Wakefield, said.

In the Cushman & Wakefield retail report for the first quarter of 2022, retail rents in Orchard also soared by 0.7% quarter-on-quarter.

Also, prime retail rents in other city areas in Singapore inched up 0.6%, on a quarterly basis, in the first quarter of 2022. 

Singapore is still an attractive expansion destination for new-to-market brands, said Cushman & Wakefield. 

By 2022, Cushman & Wakefield sees prime retail rents in Orchard, Suburban and other city areas to rise by about 2% to 3% year-on-year, with the Suburban market to lead the growth due to prevalence of hybrid work and shifts in consumer shopping behaviour.

Follow the link for more news on

Join Singapore Business Review community
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!