Singapore office rents see subdued growth in 1Q2023: JLL
Grade A office rents in Singapore’s CBD area recorded a marginal growth of 1.0% for the 1st quarter of 2023; q-o-q growth slowed for the second consecutive quarter. This development can be attributed to macroeconomic uncertainties which dampened demand for office space causing large occupiers to prioritise efficiency and press the pause on relocation plans.Despite […]