(August 16 11:48) Sbr.com.sg
Submitted By:
Luz Wendy Noble
Case Study:
No
CBD rents could further spike to around 10% to 12% in 2018.
Central Business District (CBD) Premium and Grade A office rents rose 2.6% QoQ to $8.82 psf pm in Q2 2018, Colliers’ International said. The increase is slower than the 4.8% QoQ growth recorded in Q1.
“We view the slower pace of rent increase as a momentary consolidation following the leasing market’s rapid recovery which saw an 11% YoY growth from Q2 2017,” Colliers International head of office services Duncan White commented.
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