CBD Grade A office rents surged 14.9% in 2018

Submitted By:  Luz Wendy Noble Case Study:  No Rents in Shenton Way/Tanjong Pagar jumped 18.4% to $9.53 psf pm in Q4. Prime office rents in Singapore’s Central Business District (CBD) edged up 14.9% in 2018 after a QoQ growth of 2.4% in average CBD Grade A office rents to $9.43 psf pm, Colliers International said. The research firm revealed that the growth rate was highest since the rental hikes recorded back in 2010 when rents climbed 22% in a rebound following the Global Financial Crisis. read more