Renting An Office Space In Tanjong Pagar: What Are Your Options?
Strategically situated within Singapore’s central business district (CBD), Tanjong Pagar is a bustling commercial district that blends the city’s old world charm with the new. In this historic district, one can find heritage shophouses containing cafés, bars, and restaurants, intermingled with residential areas like the eye-catching HDB estate of Pinnacle@Duxton and imposing office buildings such as Guoco Tower.
Given that it’s a mish-mash of commercial buildings, residential estates, popular eateries, and vibrant nightspots, Tanjong Pagar is a popular office rental area as people can work, live, and play there without ever having to leave the district. Due to such appeal, numerous firms and businesses want to establish a presence there, proving that Tanjong Pagar office space are highly desirable.
Consider Renting An Office in Tanjong Pagar?
Renting an office space in Tanjong Pagar can be challenging because of the dizzying number of available commercial properties in the area. Rental offices in Tanjong Pagar come in various prices, sizes, and layouts. There are many different office properties to select from, each with different characteristics, features, and amenities, including nearness to MRT stations, sumptuous food, great hangout spots, and electrifying nightlife.
For companies who have enough money to spend on office space in Tanjong Pagar, finding top-quality premises near such amenities could be an easy process, but there could also be stiff competition for such workspace, particularly for newer buildings with smart features and eco-friendly fittings.
For price-conscious firms, particularly those impacted by the COVID-19 pandemic, it’s still possible to secure an affordable office space in Tanjong Pagar. However, these commercial properties are unlikely to fulfil all of your requirements.
Office Space in Tanjong Pagar: Here Are your Options
As there are many office space for rent in Tanjong Pagar, we at Office Finder SG have shortlisted 8 of the most popular office buildings there to lend you a helping hand in your office search. In particular, the first 4 on the list come with Grade A specifications.
Among the best office space in Tanjong Pagar are those located in this property. Known as Singapore’s current tallest building, the 62-storey Guoco Tower offers 890,000 sq ft of Grade A office space. The workspaces are located on level 7 to 37, while the other areas are occupied by retail, hotel, and residential components. The building’s fairly new as it was completed in 2016. It also obtained BCA’s Green Mark Platinum certification thanks to its impressive eco-friendly features.
This exceptional 20-storey building consists of a 4-storey podium and glass-clad premium office space from level 5 to 20. It has an overall leasable area of 187,500 sq ft, with a column-free floor plates averaging 12,500 sq ft. Built in 2009, tenants like its raised flooring and high floor-to-ceiling height. The property is also a recipient of the most coveted certification for sustainability in Singapore, the Green Mark Platinum award.
Another vintage 2009 building is Mapletree Anson, a 19-storey Grade A office block with a total area of 333,681 sq ft and a usual column-free floor plate of about 21,129 sq ft. The office spaces are found on level 4 up to the uppermost floor. Apart from boasting quality finishes, this lego-like commercial property also epitomises eco-friendly workspace as it also bagged the Green Mark Platinum accolade.
This is a spire-like 37-storey office tower with service apartments that was completed in 2002. It has a total area of 246,522 sq ft and usual floor plate of 8,900 sq ft to 9,300 sq ft. It is among the very few strata projects with Grade A office specifications, including raised flooring, full-height windows, column-free configuration, and variable refrigerant flow air-conditioning.
Situated next to M Hotel, 78 Shenton Way consists of 2 buildings. The 34-storey granite-clad Tower 1 has a net leasable area (NLA) of about 285,000 sq ft but it was constructed in 1988. The 11-storey glass-clad Tower 2 was built in 2009 and offers around 78,000 sq ft of Grade A office space.
Completed in 1976 and extensively renovated in 2009, this 52-storey commercial property is among the 1st mixed-use projects in Singapore. There are 270 retail shops on the first 3 floors and 388 strata-titled office units from level 9 to 35 with a usual floor area of 10,000 sq ft. The property also contains apartments between level 37 and level 50, allowing some to live and work in the same building.
This well-kept 23-storey office building features retail space on the ground floor. It has a total floor area of about 205,000 sq ft, with a typical floor plate of 11,000 sq ft containing premium office space. Although it was completed in 1992, the freehold commercial property underwent a major renovation in 2011.
This 14-storey office tower was finished in 2011 as an extension to an existing 4-storey shopping centre called 100AM that also comes with a hotel. The project has an overall floor area of nearly 41,000 sq ft, with usual floor plate of slightly over 4,100 sq ft. Given that the workspace forms part of an integrated development, tenants and their clients can shop without having to travel far.
Tanjong Pagar Office Rental Rates
In Tanjong Pagar, there are offices for rent suitable for various groups of occupants. Established and flourishing companies will likely fancy workspaces located near many amenities, particularly MRT stations and good food, to make it easier for them to hire skilful workers. Growing companies are also more likely to favour a prestigious corporate address to promote their brand and elicit admiration.
However, be warned that such outstanding office space in Tanjong Pagar usually comes with an high price tag. For instance, the rent of Grade A office space in Tanjong Pagar – such as those in Guoco Tower, Twenty Anson, Mapletree Anson – ranges from S$9 to S$13 psf per month.
Conversely, potential tenants with limited budgets like fledgling businesses would have to lower their demands and expectations if they want to secure office space in this sought-after area. For this group, it’s still possible to lease lower grade office space for between S$6 and S$8 psf per month.
Notable Companies Renting Tanjong Pagar Office Space
Tanjong Pagar is a popular office rental area. As a matter of fact, there’s no shortage of top-notch multinational corporations (MNCs) that have decided to lease commercial premises in the area. For example, Dentsu Aegis Network, a London-based media and digital marketing firm, is a key tenant at Guoco Tower, while TikTok has also agreed to occupy space there in January 2021.
Similarly, other global companies have taken up office space in Tanjong Pagar. BlackRock Advisors Singapore, one of the world’s top investment managers and fiduciaries, is headquartered in Twenty Anson. New York-based multinational investment bank Goldman Sachs is leasing 2 office floors in Mapletree Anson. Finally, one of Singapore’s biggest general insurance providers by the name of AIG Asia Pacific Insurance is based in 78 Shenton Way.
Discover Your Tanjong Pagar Office Rental Options With an Expert
Leasing an office in Tanjong Pagar can be a time-consuming process. Extremely busy people like entrepreneurs and C-level decision-makers are well aware that time is precious. As your time can be better spent on more productive and profitable for your business or organisation, why not enlist the help of a commercial property connoisseur to expedite your office hunt in Tanjong Pagar.
This is because looking for Tanjong Pagar office space rentals can be complicated for those unfamiliar with the place, meaning renting an office space in Tanjong Pagar can be hard for those without knowledge of the area.
With the aid of an expert, who have dealt with many property owners and who are well-acquainted with area, taking a lease in Tanjong Pagar can be as easy as pie, because your property agent will handle all of the arduous tasks for you, like curating a list of office units that fulfil your demands in terms of rental rate, size, layout, amenities, and building quality.
So, if you want to make your office hunt in Tanjong Pagar go smoothly and involve less work, please don't hesitate to leave us a message and we’ll refer you to an experienced agent specialising in commercial property.