Grade-A office rents to moderate as occupiers turn cautious
URA’s real estate statistics recorded a sharp 4.9% quarter-on-quarter (q-o-q) jump in office property rental index in 3Q2023, double the growth seen in the preceding quarter of 2.3%. This growth was mainly attributed to leasing deals concluded several quarters back when occupier demand was considerably robust due to the rapid expansion of the technology sector. […]