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 RENT INDEX FOR CENTRAL REGION ROSE BY 1.6% Q-O-Q IN Q1 2022 WHILE ISLANDWIDE VACANCY REMAINE UNCHANGED AT 12.8%
Singapore's central region saw a rise in the rental index of office space of 1.6% from the previous quarter. This follows a 0.9% rise seen in Q4 2021. This could mean the office rental market has bottomed out with two consecutive months of improvement.
In Q1 2022, the amount of occupied office space contracted by 13,000 sqm net lettable area (NLA), following a 10,000 sqm reduction in the previous quarter. Meanwhile, the stock of office space declined by 4,000 sqm NLA in Q1 2022, this follows a declined of 13,000 sqm in Q4 2021. The islandwide vacancy rate of office space remained unchanged at 12.8% by the end of Q1 2022.
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.