For subscribers
Downside risk for prime office space
Sign up now: Get ST's newsletters delivered to your inbox
The supply crunch will ease only in 2022 when 1.9 million sq ft of prime space from Central Boulevard Towers and Guoco Midtown are completed.
ST PHOTO: BENJAMIN SEETOR
Christine Li
As the number of confirmed Covid-19 cases grows exponentially and more countries implement strict lockdowns, the economic blow to businesses globally will start to take its toll on Singapore's Grade A office market.
For now, landlords have been able to hold their rents steady owing to tight vacancies and limited upcoming supply in the near term. This was despite lower market confidence.
