Chart of the Day: Office occupancy rate in the CBD down 1.5 ppt in Q2

Uploaded By:  Clarist Zablan Submitted By:  Clarist Zablan Case Study:  No The subzone recorded a negative net absorption of 463,000 sqft. This chart from EDMUND TIE showed that the occupancy rate of office properties in the core business district (CBD) fell 1.5 ppt QoQ to 93.1% in Q2. Although it still posted the highest rate across subzones at 93.1%, it showed the biggest drop in figures. This decline was driven by a negative net absorption of 463,000 sqft. Furthermore, many employees worked from home and adopted various teleconferencing tools to communicate, especially amidst the circuit breaker measures. read more