Quality A workplace leas in the CBD grew by 2.7% q-o-q in 2Q2022 to get to $10.74 psf each month, according to a JLL office record released on June 29. This marks a 5th consecutive quarter of growth, as well as the largest development since leas rebounded in 2Q2021.
Office rental fees have currently recuperated to simply 0.6% below the pre-pandemic optimal of $10.81 psf, according to JLL.
The solid performance during the quarter was underpinned by rising company confidence and also the leisure of safe monitoring measures, as all staff members were allowed to go back to the work environment from April 26.
” Expansions and brand-new sets up much overshadowed office downsizing, resulting in 2Q2022 net absorption of CBD Grade An office– at 0.6 million sq ft– reaching the greatest in 17 quarters, notes Tay Huey Ying, JLL Singapore’s head of research and consultancy. To that end, office …
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