A LACK of new supply and increased demand amid a more upbeat business climate boosted prime office rents in the first quarter, said property consultancy Cushman & Wakefield yesterday.
The average grade A overall rent hit $9.90 per square foot (psf) per month - up 5.5 per cent over the previous quarter and the fourth straight quarter of increases.
It was also up 10.1 per cent on the same period a year ago.
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Office rental yields
Rentals of offices in Marina Bay Financial Centre MBFC
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Vacancy Rates versus Office Rental Index