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Subscribe to this list via RSS Blog posts tagged in Office Leasing Market

Aon nears 70,000 sq ft lease at SGX Centre

Posted by Property Launch Invest on Thursday, 12 June 2014 in Property News

The buzz in the Singapore office leasing market continues, with a string of deals either sealed or in advanced stages of negotiations.

Vodafone has leased a 30,000 square foot floor at Asia Square Tower 2. Jardine Lloyd Thompson is said to be nearing an agreement to lease 40,000 sq ft at CapitaGreen, which will be completed on the former Market Street Car Park site by year-end.

At SGX Centre 1 along Shenton Way, insurance broker Willis (Singapore) has signed a lease for 20,000 sq ft, while discussions are in an advanced stage for Aon to occupy about 70,000 sq ft, BT understands.

Despite the wave of office leasing activity, industry observers caution landlords against getting carried away in jacking up asking rents, as not all occupiers are on the expansion trail.

Office landlords can't bank on finance sector

Posted by Property Launch Invest on Monday, 23 December 2013 in Property News

SINGAPORE'S office landlords, long dependent on banks, are broadening their tenant base to soak up empty space as the commercial property market inches towards recovery after a three-year slump in rents.

Rents in the best buildings may start to rise this year, according to brokers CBRE Group and Cushman & Wakefield.

Office rents and vacancy rates improving: C&W

Posted by Property Launch Invest on Monday, 23 December 2013 in Property News

[SINGAPORE] Led by Marina Bay, the office market is starting to see rents and vacancy rates improve, supported by more broad-based leasing demand.

According to Cushman & Wakefield (C&W), Marina Bay saw Grade A vacancies decline 2.0 percentage points to 3.6 per cent from the first quarter, even as rents rose 10.9 per cent on a quarterly basis.

This led to an increase in average Grade A rents by 4.2 per cent to $9.03 per square foot (psf) per month quarter-on-quarter.

Moody's says outlook for S-REITs stable

Posted by Property Launch Invest on Monday, 16 December 2013 in Property News

Moody's Investors Service says the outlook is stable for Singapore's Real Estate Investment Trusts (REITs) sector in the year ahead.

Based on a report released on Monday, the ratings agency says a larger asset base and rent increases on existing properties are expected to fuel growth for the 13 REITs it rated.

It forecasts that the earnings before interest, taxes, depreciation and amortization (EBITDA) of the 13 S-REITs will grow by 4 per cent in 2014.

URA Q3 data Office leasing market

Posted by Property Launch Invest on Monday, 25 November 2013 in Property News

URA Q3 data confirms pick-up in office leasing market

LATEST figures from Urban Redevelopment Authority confirm the views of some industry players that the office leasing market has emerged out of a downturn.

URA's office rental index in the central region rose 0.8 per cent in the third quarter over the preceding quarter. This marked a bigger increase compared with the 0.2 per cent gain registered in Q2.

However, the islandwide office vacancy rate climbed to 9.6 per cent at end-Q3 from 8.8 per cent three months earlier. For private-sector office space, the vacancy rate rose from 9.5 per cent to 10.4 per cent.

PROPERTY LAUNCHES & INVESTMENTS