Prices remain high, but vacancies are hard to come by, with approximately 96 per cent of Grade A office space occupied. This high occupancy rate is having an effect on suburban markets as well, which have seen their prices rise as inner city space is unavailable.
Cushman & Wakefield vice-chairman Donald Han said the “rental recovery of Grade A office space is on the back of sustained vacancy decline”. This is brought about by Singapore’s economic rebound, especially in the financial and business services sectors. Full story
