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Singapore office rents improve in Q4 2021, will continue to grow: Knight Frank
Prime grade office rents in Raffles Place/Marina Bay grew quarter on quarter by a sharper 1.5 per cent to S$10.13 per square foot per month from Q3 to Q4 of 2021, compared to a 0.2 per cent increase from Q2 to Q3 of 2021.
The report attributed the improvements in office rents to corporates continuing their "flight to quality", which involves the reconfiguration of offices so that less space can be used collaboratively by more staff.
