Prime retail rents to rise between 2%-4% in 2022

The expected growth is on the back of easing of restrictions.

Prime retail rents are expected to increase between 2% to 4% for the entire year on the back of the new optimism brought by the easing of restrictions, Knight Frank said in a report.

According to the analyst, "dark clouds are finally receding" for the retail sector and that it has reached a "turning point."

"Vaccinated Travel Framework allowing international travelers to enter Singapore without quarantine requirements is set to increase activity at all retail destinations, especially in the Central Area," Knight Frank said.

"Nightlife players also have reason to be optimistic as these establishments will be permitted to fully open their doors for business starting 19 April," the analyst added.

While the outlook for the entire year was positive, the year started on a negative as the retail sales index saw a decline for the first time in 12 months, narrowing slightly by 2.4% YoY in February 2022.

Follow the link for more news on

Knight Frank

singapore prime 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

Top News

Specialty chemicals manufacturing facility on Jurong Island for sale

The fully equipped facility is clean and ready to be recommissioned.

Commercial Property

7 hours ago

September surge masks looming export slowdown to 6% in 2027

Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.

Economy

11 hours ago

Nearly half of workers report six or more unpaid hours a week, report says