26 Sep '14, 12am

Office rents rise in Q2 as vacancy rates fall

Moving forward, Cushman & Wakefield expects a strong leasing activity in Q4 with the expected completion of CapitaGreen and South Beach, with net absorption on track to reach up to 900,000 sq ft this year. The firm expects tenants to look for strategies to maximize space usage and increase productivity due to an increasingly competitive market. “With prime rents expected to continue to rise, those tenants for which a Grade A location is not essential are likely to look further afield to the suburbs which may lead to further decline in vacancy rates in these areas,” it added.

Full article: http://www.commercialguru.com.sg/property-management-news...

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