The average gross face rents for prime office space in Singapore declined in the second quarter as global economic uncertainties continued to plague occupier sentiment, according to DTZ.
Those in the Raffles Place area declined by 3.1 per cent quarter-on-quarter to S$9.50 (US$7.43) per sq ft per month while rents in the Shenton Way/Robinson Road/Cecil Street areas declined by 2.6 per cent to S$7.55 (US$6) per sq ft per month. Full story
