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Office market expected to turnaround in H2 2021 | Office Q2 2021

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Colliers Research, Quarterly Report, Office Rents, Office Investments

CBD Grade A rents stabilised further in Q2 2021, declining only 0.1% QOQ to SGD9.52 per sq ft, despite negative net absorption resulting in higher vacancy.


Report highlights:

  • CBD Grade A rents stabilised further in Q2 2021, declining only 0.1% QOQ to SGD9.52 per sq ft;

  • We maintain our positive outlook in the office sector and rent forecast to rebound 2.1% by end-2021, supported by strong economic growth and potential Covid easing measures;

  • Office demand to continue being driven by the Technology sector;

  • Key flexible workplace operators to continue their expansion at a modest pace;

  • Total office or mixed office investment volumes rose 51.5% YOY to SGD1.3 billion in Q2 2021 despite heightened COVID-19 measures;

  • Long term capital value growth of 3.0% p.a. expected
     

Download Colliers' latest quarterly report on the office market as we examine the shifting trends and outlook, with expert recommendations for office occupiers and investors.


Colliers Research, Quarterly Report, Office Rents, Office Investments

Office market expected to turnaround in H2 2021 | Office Q2 2021

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