Based on Knight Frank’s fourth quarter report in 2017, prime grade office rents have risen for three consecutive quarters on the back of active leasing activity.

Grade A+ office space rents increase 1.7% on a quarterly basis in the Raffles Place / Marina Bay precinct measured by Knight Frank.

Landlords are gradually adjusting rents upwards in view of the limited new supply of prime offices being completed up to 2020.

Gross effective monthly rents in S$ psf per month basis are recorded between S$9.3 to S$9.8.

In the Raffles Place / Marina Bay Grade A segment, rents also increased 1.7% on a quarterly basis. Gross effective monthly rents in S$ psf per month basis are recorded between S$8.1 to S$8.6.

Average rents rose 1.3% over the quarter. Gross effective monthly rents in S$ psf per month basis are recorded between S$7.7 to S$8.3.

Average rents rose 1.7%, on par with …