For many a extended time of excellent growth, landlords are already calling your shots with regard to rental prices in downtown CBD Singapore.
Rents go from $5 per square foot all regarding the means till $15 for each square foot which continues in order to be adding a large burden upon company that are local or multinationals who wish to have their particular headquarters in Singapore.
In latest a number of months the particular table features turned as well as now the particular rent commercial property tenants are generally the primary one calling the shots.
This comes from the falling GDP growth and also your sharp rise in supply.
Facing headwind from your regional slowdown led by China, Singapore has seen slower growth as well.
Now with increased new supplies, tenants furthermore convey more option regarding newer and also far better workplace spaces inside Singapore and this will simply adjust if the global economy picks up again.
The new Marina 1 project too as Duo Tower will add close to 3 million sq ft associated with space.
Rental has additionally fell over the CBD region as well as the particular outer lying areas.
This would set to create Singapore a lot more competitive as prices may be any major concern regarding many businesses seeking to expand in order to Singapore.
There are not much better bargains as well as possibilities regarding those who want to expand within Singapore in order to create shop here.
If you will need assistance with searching for an work place inside Singapore, its great to contact Avant Rental to aid out.