Prime office market shows resilience amidst tightening supply
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The Singapore office market shows resilience with Core CBD Grade A vacancy dropping to 4.5%. A report by Morningstar Equity Research predicts continued strong demand for prime office space in 2026, despite global tensions. An estimated 3.08 million square feet of new office space is expected from 2026 to 2028, primarily outside the Core CBD. Vacancy rates may further decline to 2.6% by 2027, with overall office rent growth projected at 3% for 2026. Singapore office REITs are maintaining high occupancy levels, indicating robust leasing activity.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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