Prices of office space inch up 2.2% in Q3

But rental prices slipped 4.5%.

Prices of office spaces in Singapore jumped 0.2% in Q3, but rentals slipped 4.5% after remaining unchanged in the previous quarter, according to an URA report.

Price index rose from 126.9 in Q2 to 127.2 in Q3. On the other hand, rental index to 161.1 in Q3 from Q2’s 168.7.

At the end of Q3, there was a total supply of about 767,000 sq m GFA of office space in the pipeline, versus the 668,000 sq m GFA of office space in Q2.

In addition, 174,908 sq m of office space were completed from Q1 to Q3.

The amount of occupied office space decreased 19,000 sq m (nett) in Q3, whilst the stock of office space decreased by 33,000 sq m (nett). As a result, the island-wide vacancy rate of office space declined to 12% by the end of the quarter.

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