Glitzy CBD buildings mask rental woes

The Landlord Sentiment Survey, conducted by Colliers International and released yesterday, found that landlords in the CBD are feeling the bite of worsening economic factors and competition from recently completed commercial developments, including t
The Landlord Sentiment Survey, conducted by Colliers International and released yesterday, found that landlords in the CBD are feeling the bite of worsening economic factors and competition from recently completed commercial developments, including those that boast lower prices and the latest amenities.ST FILE PHOTO

75% of landlords in poll find it hard to retain tenants amid cheaper options with newer amenities

The plush glass and steel office buildings in the prime central business district (CBD) might appear gleaming from the outside but landlords are struggling to hold on to their tenants.

With ageing buildings and dated amenities, some tenants may be wondering why rents in the CBD are still higher than office space in other parts of Singapore.

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A version of this article appeared in the print edition of The Straits Times on January 25, 2019, with the headline 'Glitzy CBD buildings mask rental woes'. Print Edition | Subscribe