Stagnant growth plagues Singapore's workspace market

Demand for flexible workspace in Singapore has increased by only 1% since 2019, indicating a stagnant market.

"Occupiers are focused on controlling costs and driving for the best value for money from their assets. Companies in the finance, legal, shipping and tech sectors continue to focus on the CBD for their flexible office needs," The Instant Group reported. In Suntec, the report explained that heightened demand for flexible space and a supply shortage are driving rates upwards. The desk rate in Suntec has risen 24% since 2019, at $949.within Suntec"may also result in rent increases for flex operators during their renewal terms, which may also have a knock-on effect on desk rates."

Demand recovery drove rates up in One-north and Tampines, which saw rates grow by 2% to $661 and 6% to $599, respectively.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Luxury property market 'stable' despite GCB sales hitting record lowpstrongOnly 23 good class bungalows were sold in 2023, the lowest in 27 years./strong/p pThe luxury residential market in Singapore remains resilient amidst a notable drop in transactions, with prices showing growth, reports CBRE.
Herkunft: SBRMagazine - 🏆 13. / 51 Weiterlesen »

Tcube: Driving Singapore's tourism industry forwardpemspanspanspanspanspanspanAs the tourism industry undergoes a digital evolution, businesses face a critical need for innovative solutions to meet evolving consumer demands. Explore how Tcube empowers businesses to navigate this transformative journey with confidence and success.
Herkunft: SBRMagazine - 🏆 13. / 51 Weiterlesen »