In 2025, Singapore’s office market shed the negative sentiment that clouded much of the sector in 2024, which saw technology companies layoff their workforce amid heightened global economic uncertainty. Last year, market conditions in the local office market improved from the second quarter of the year, ending the year on firmer footing with easing vacancies and continued rental growth. “We experienced a somewhat strong finish to 2025 with leasing activity steadily increasing throughout the year. There was a modest recovery in net demand in the last quarter, as well as a reduction in shadow stock. These factors, working together, ensured the leasing market remained stable with rents inching up across the board,”  says Ashley Swan, executive director, commercial and industrial, at Savills Singapore. He adds that shadow and previously vacant space in some Grade A buildings have largely been backfilled, and some occupiers have even re-taken space they had earlier given up. “While...