Singapore Office Rental Rates Guide By District

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.

 

How is office space rent calculated?

For office spaces, the rent is calculated per square foot, so you will be charged X amount per square foot per month.

 

So, what is the average rental rates for an office space in Singapore?

The average Singapore office rental rate varies between buildings, locations and districts, averaging from $2.56 to $8.06 per square foot per month among the 28 districts as of 07 July 2019.

The most affordable locations for rental office space in Singapore are Upper Bukit Timah in District 21, Katong and Marine Parade in District 15, and Geylang in District 14. At the other end of the scale, the most expensive areas include grade A office buildings in Marina Bay and Raffles Place of District 01 within the CBD, where office space rental rates reach $13.38 per square foot per month on average.

Within the Singapore CBD, there are areas where you can secure an affordable office lease. While Raffles Place and Marina Bay new financial district command high rents, you can find great deals in Tanjong Pagar and Cecil Street.

Apart from location, there are a number of other factors that affect Singapore office rental rates, including age and maintenance of building (i.e. grade A, grade B and grade C buildings), specifications of office space, size of office space, tenant mix in the building and amenities.

Not sure about the differences between grade A, grade B and grade C buildings? What about the ideal floor area and lease term, and the rental rates of each building? To better understand the complexities of the office space rental process, check out our article – The Singapore Office Rental Guide For New Tenants and let us recommend an office real estate agent to assist you.

Related Article: Singapore Office Space in CBD with The Latest Rental Rates

 

Singapore Office Rental Rates Guide By District

The table below shows the average office space rental rates in term of per square foot across the 28 districts in Singapore. Singapore district code was originally used as postal districts but have been widely used by real estate professionals and property seekers when referring to a location or an area.

District 01 and 02 have the highest concentration of office buildings in Singapore. The Singapore CBD is also found at the southern part of District 01 and South Eastern part of District 02.

DISTRICTAREARENTAL RATE
28 - North EastSeletar, Yio Chu Kang-
27 - NorthAdmiralty, Sembawang, Yishun-
26 - NorthUpper Thomson, Yio Chu Kang-
25 - NorthAdmiralty, Woodlands-
24 - Far North WestKranji, Lim Chu Kang, Sungei Kadut, Tengah-
23 - North WestBukit Batok, Choa Chu Kang, Hillview Avenue, Upper Bukit Timah-
22 - WestBoon Lay, Jurong$3.87
21 - Central WestClementi, Upper Bukit Timah$2.56
20 - Central NorthAng Mo Kio, Bishan, Braddell Road, Thomson-
19 - North EastHougang, Punggol, Sengkang-
18 - EastPasir Ris, Simei, Tampines$5.09
17 - EastChangi, Loyang-
16 - EastBedok, Upper East Coast-
15 - EastKaton, Marine Parade, East Coast$4.22
14 - Central EastPaya Lebar, Eunos, Geylang$4.64
13 - Central EastPotong Pasir, Macpherson-
12 - CentralBalestier, Toa Payoh-
11 - CentralNovena, Newton, Thomson, Bukit Timah$4.24
10 - CentralTanglin Road, Grange Road, Holland, River Valley$5.07
09 - CentralOrchard Road, River Valley, Cairnhill, Killiney$4.82
08 - CentralLittle India, Farrer Park, Serangoon Road$4.08
07 - SouthBeach Road, Bencoolen Street, Bugis, Rochor$4.40
06 - SouthCity Hall, High Street, North Bridge Road, Beach Road$5.56
05 - South WestBuona Vista, Dover, Pasir Panjang, West Coast$6.09
04 - SouthHarbourFront, Telok Blangah$6.64
03 - Central SouthAlexandra Road, Tiong Bahru, Queenstown$3.90
02 - South (CBD)Anson Road, Chinatown, Tanjong Pagar$5.91
01 - South (CBD)Boat Quay, Raffles Place, Marina Centre, Cecil Street, Robinson Road, Shenton Way$8.06

Updated on 07 July 2019 

The data in these tables are for reference only. We suggest you consult a real estate professional before making a transaction. for a recommendation of an office space finding expert, please click here. The service is absolutely FREE.

 

Average Office Space Rental Rates By Area (Central Region)

We have been constantly receiving feedbacks from our website users, especially foreigners considering to set up an office in Singapore to create another list of updated office space rental rates by area and not district.

The table below is specially created to meet the expectation of our users. This list of office space rental rates consist of area in the Singapore CBD and those on the fringe of CBD where commercial activities are concentrated.
Note: PSF/PM refers to per square foot per month
Area RegionAverage Rental Rate (PSF/PM)View Listing
Marina Bay CBD$13.38Click Here
Raffles Place CBD$10.52Click Here
Shenton Way CBD$9.50Click Here
Robinson RoadCBD$8.48Click Here
Cecil Street CBD$7.74Click Here
Tanjong Pagar CBD$8.07Click Here
Orchard Road CBD Fringe$9.07Click Here
Bugis CBD Fringe$6.81Click Here
Beach RoadCBD Fringe$9.16Click Here
City HallCBD Fringe$7.75Click Here
Marina Centre CBD Fringe$13.03Click Here
Novena CBD Fringe$7.63Click Here
ChinatownCBD Fringe$6.56Click Here
HarbourFront CBD Fringe$7.38Click Here
Alexandra CBD Fringe$6.77Click Here
River Valley CBD Fringe$7.16Click Here

The data in these tables are for reference only. We suggest you consult a real estate professional before making a transaction. for a recommendation of an office space finding expert, please click here. The service is absolutely FREE.

Disclaimer

We make reasonable effort to use reliable and comprehensive information to generate the data, graphs, tables and contents, but we make no representation that these are accurate or complete. The data, graphs, tables and contents above provide information as reference resource for your personal consumption only. It is not intended to be and does not constitute financial advice, investment advice or any other advice. We suggest that you should seek professional advice from real estate salespersons or use our Find Agent feature to request a qualified office real estate agents to assist you.

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