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S’pore CBD office rental market to continue upward trend amid post-pandemic return to office
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Rents for Grade A office space in the CBD grew for the seventh consecutive quarter.
ST PHOTO: LIM YAOHUI
SINGAPORE – The prime office market is ending the year on a high note as more workers return to the office, with property analysts expecting rents to keep rising in 2023.
Grade A office rents in the Central Business District (CBD) have hit $11.70 per square foot per month in the current quarter – the seventh consecutive quarter of expansion – to bring full-year growth to 8.3 per cent, well up on the 3.8 per cent expansion in 2021.
