Pick-up in sentiment as rental decline slows
Despite the overall negative net take-up recorded at -459,400 sq. ft. NFA as of Q1 2021, office leasing sentiment has slightly picked up. The overall Grade A office rents dropped by 2.0% QOQ in Q1 2021, the lowest drop over the past three quarters which demonstrated the pace of rental correction moderated. There have been more enquiries and inspections witnessed across different submarkets, particularly around the CBD area. Read the report to find out more about how the office leasing sector performed in Q1 and explore its hidden opportunities.
