Office prices, rentals ease in Q3

Island-wide vacancy rate improves to 11.2%

Prices of office space in Singapore fell 0.2% in Q3, after a 1.1% decline in the previous quarter, according to data from the Urban Redevelopment Authority (URA) released on 24 October.

Office rentals also eased 0.1% during the quarter, following a 0.3% drop in Q2 2025.

The total pipeline supply of office space reached about 870,000 square metres of gross floor area at the end of Q3 2025, slightly higher than 868,000 sq. m. in the previous quarter, URA said.

Occupied office space grew by 1,000 sq. m. (net) in Q3 2025, down from a 9,000 sq. m. (net) increase in Q2 2025. Total stock declined by 24,000 sq. m. (net), compared with an 18,000 sq. m. (net) contraction in the preceding quarter. As a result, the island-wide vacancy rate edged down to 11.2% from 11.4% by the end of Q2 2025.

URA’s quarterly statistics on office rentals and vacancies, including breakdowns by location, floor area, and building class, are available through its Property Market Information portal.

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