Global headwinds, geopolitical and economic uncertainty haven’t made a dent on Singapore’s prime office rents which are on track to record its sixth consecutive quarterly growth. According to data from CBRE, Grade A offices rents in the Central Business District (CBD) edged up 0.8% q-o-q to $12.50 psf per month (pm) in 2Q2026, up from $11.36 psf pm in 1Q2026.
This means that over the first six months of this year, Grade A office rents in the core CBD area have increased 1.6%, largely attributed to demand from corporate tenants and a flight-to-quality amidst tight supply in the core office market.
A separate market report by JLL also highlights that the vacancy rate of core Grade A offices in the CBD, excluding new supply, fell to 5.6% in 2Q2026 – the lowest level in nine quarters. JLL states that most Grade A office landlords have significant pricing power, leveraging Singapore’s structural advantage as a global and regional hub for corporate headquarters....