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Recovery gains traction, led by the CBD Grade A buildings | Office Market Outlook 2022

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Colliers Research, Quarterly Report, Office Rents, Office Investments

Read our latest report for insights into the office market, property trends and outlook, as well as expert recommendations for occupiers and investors in Singapore.


Report highlights:

  • CBD Grade A rents increased by 0.5% QOQ to SGD9.64 per sq ft in Q4 2021, supported by resilient net absorption. We expect CBD Grade A rents to grow about 4.4% in 2022, compared to the 0.8% growth in 2021. Vacancy rate is also expected to tighten to just under 4.0% by end-2022.

  • Transaction volumes increased 3.7 times QOQ in Q4 2021. Capital values increased 5% QOQ at SGD2,560 per sq foot. 

  • Colliers Research recommends occupiers proactively conclude final plans for their footprints as the window of opportunity for rental negotiation starts to close. Landlords of ageing office assets should adopt a softer stance in rental negotiations and consider retrofitting/redeveloping their assets to unlock value in the medium to long term. Investors should think creatively in repositioning assets to hit return targets and beat yield compression.

Download our latest report for insights into quarterly trends and the office market outlook for the year ahead. 


Colliers Research, Quarterly Report, Office Rents, Office Investments

Recovery gains traction, led by the CBD Grade A buildings | Office Market Outlook 2022

Download Report
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Dickson Koh

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June has 30 years of office and industrial leasing experience in Singapore, and has provided strategic advice to numerous MNCs  on their real estate requirements to meet the mid to long term business needs. She is equally well-versed in project marketing assignments, and has assisted various landlord clients to position their property to secure the optimal tenant mix for their properties.

 

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Melvin Chay

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