Orchard Area retail rents rise 1.7% in Q4 2025

Retailers flock to high-visibility Orchard locations, boosting rents.

Orchard Area retail rents reached $23.60 per square foot in the fourth quarter (Q4) of 2025, up 1.7% year on year, reflecting sustained tenant demand for high-visibility locations that drive footfall and brand positioning within the Central Area, according to a Savills report.

Suburban rents also rose 1% over the quarter to $14.90 per sq ft. Market data showed 366,000 sq ft of net absorption in Q4, with total net absorption for 2025 reaching 301,000 sq ft—below the four-year post-recovery average of 1 million sq ft.

Islandwide retail vacancy stood at 6.3%, whilst Central Region vacancy fell 0.5 percentage points to 7.3%. Landlords adjusted tenant mix strategies to focus on food and beverage (F&B) and experience-based retail.

Whilst 2025 saw some F&B closures, new openings outpaced cessations as international brands—including On, Alo Yoga, and Chaufifth—entered Singapore.

Scheduled completions for 2026 total 504,000 sq ft, with larger projects in the pipeline including the 660,000 sq ft Marina Square redevelopment and Changi Airport Terminal 5 at 435,000 sq ft.

Future developments include the Tanjong Katong Complex at 235,000 sq ft and Forum The Shopping Mall at 202,000 sq ft.

Orchard Road and suburban retail rents are projected to rise 1% to 2% in 2026, whilst supply is expected to average under 324,000 sq ft per year over the next two years.

Follow the link for more news on

Savills

retail rents

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia