14 Dec '16, 2am

Next generation of Tech, Media and Telecom industries expanding #APAC footprint.

There has been a marked increase in leasing activity in Singapore driven by flight-to-quality and occupiers taking advantage of more attractive terms on offer. These opportunistic deals have primarily been focused on new developments such as Guoco Tower which is located in Tanjong Pagar. Tech firms such as Amadeus, Agoda, Palo Alto, Unity Technologies and OpenLink have all pre-committed to space at Guoco Tower and account for a substantial percentage of the building’s overall occupancy. In the period between 2015 and 2016 Q1-Q3, the tech and media sector took up approximately 658,000 sf of space either in the form of new space take-up or relocations, mainly in the CBD core region. This made the tech and media sector the second largest contributor in the office leasing marketing since 2015 year to date, after the banking and finance sector. This report does not take into ac...

Full article: http://www.cbre.com.sg/aboutus/mediacentre/mediaarchives/...

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