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
THE OFFICE RENTAL INDEX FOR THE CENTRAL REGION ROSE BY 2.1% Q-O-Q IN Q3 2022, WHILE THE ISLANDWIDE VACANCY RATE CONTINUED TO DECLINE TO 11.7%
The rental index of office space in Singapore's central region increased by 2.1% from the previous quarter. The increase follows a 2.4% rise in the second quarter of 2022. There has been a sustained positive effect on the office rental market as a result of the border reopening and employees returning to work at their offices.
In Q3 2022, occupied office space increased by 24,000 sqm net lettable area (NLA). As of Q3 2022, the stock of office space declined by 26,000 sqm NLA, following a decline of 68,000 sqm in Q2. It has been observed that the office vacancy rate on the island has continued to decrease since Q3 2021.
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.