Business briefing [electronic resource] time to go shopping for Singapore office space
Business briefing time to go shopping for Singapore office space [electronic resource]
- London Cushman & Wakefield 2009
Executive summary -- Prime office rent to dive by more than 30% by 2010 -- GDP growth estimates not promising -- Enormous new office supply, a spill over effect from 2006 and 2007 -- Supply -- Demand -- Other considerations -- Conclusion -- Appendix 1 -- Appendix 2
Suggests that office rents in Singapore are falling dramatically, and will possibly decline by as much as 30-40% in 2010. This means that occupancy costs will go down for tenants renewing or securing a new lease in the near future. The report looks at the reasons for this fall in rents, and compares the situation to that in previous recessions.
Advanced
Singapore
333.33 $2 18
Executive summary -- Prime office rent to dive by more than 30% by 2010 -- GDP growth estimates not promising -- Enormous new office supply, a spill over effect from 2006 and 2007 -- Supply -- Demand -- Other considerations -- Conclusion -- Appendix 1 -- Appendix 2
Suggests that office rents in Singapore are falling dramatically, and will possibly decline by as much as 30-40% in 2010. This means that occupancy costs will go down for tenants renewing or securing a new lease in the near future. The report looks at the reasons for this fall in rents, and compares the situation to that in previous recessions.
Advanced
Singapore
333.33 $2 18