Chart of the Day: Singapore's prime office rents up 23.7% in Q1

Submitted By:  Nathanielle Punay Case Study:  No Limited supply for mid-sized units pushed leasing costs up. Singapore’s prime office rents surged 23.7% YoY to an average of US$81.2 sqm/month in Q1, according to Knight Frank, The latest reading represents the highest YoY increase brought about by limited supply for mid-sized units in Raffles Place and Marina Bay and translates to a gross effective rent of US$93.5 sqm/month. On a quarterly basis, prime office rents grew by 1.5% from Q4 2018 and the momentum is expected to be maintained with prime office rents set to grow further over the next 12 months. read more