SINGAPORE OFFICE SPACE RENTALS
Looking for a Rental Office Space But Not Knowing Where To Start?
Whether you need a small office space for your startup, or a grade A office in the Singapore CBD to house your head office, we have the space for you. Featuring more than 1,500 unique office listings which are regularly updated, officefinder.com.sg is the number one resource for businesses that are seeking office space in Singapore.
TOP LOCATIONS FOR RENTING SINGAPORE OFFICE SPACE
Cost of office space, size and office locations are 3 key factors every business considers when renting an office space. We have put together some of the most sought-after office locations for your easy navigation. Raffles Place, Marina bay and Tanjong Pagar are on top of the list of most tenants when selecting an office location in the Singapore CBD. For areas outside the CBD, Orchard Road, Tampines, Paya Lebar, Bouna Vista and Jurong East are some of the popular options
Office Space Trends: Insights from Q4 2023
During the fourth quarter of 2023, office space rentals saw only a marginal uptick of 0.3%, contrasting notably with the 4.9% surge witnessed in the previous quarter. Despite a significant reduction of 42,000 square meters in the total office space stock during Q3 2023, there was a decrease in the island-wide vacancy rate from 10.8% to 10.0%, signaling an encouraging trend towards mitigating office space vacancies. In the same quarter, while occupied office space expanded by 9,000 square meters, the overall office space stock grew by 2,000 square meters, leading to a further decline in the island-wide vacancy rate to 9.9%.
When looking for an office space in Singapore, office rental cost is often a huge deciding factor. Singapore Office rental rates vary significantly between districts and even locations within the same district, particularly in Singapore CBD, so it can be difficult to know how much you should be paying when come to office leasing in Singapore. This Singapore Office Rental Rates Guide provides businesses an idea of the average rent of office space in each district helping businesses narrow down the areas they should be focusing with their rental budget.