Office rents to soften next year on the back of record building completions: Savills Singapore
Despite the expectation of softening rents, Savills’ Cheong says “the overall outlook for 2023 should be a stable one supported by robust take-up numbers, sustained net absorption, limited new supply additions and continued leasing demand”.Savills’ Swan agrees, saying that landlords will likely remain selective of their tenants and prospects. “Scenarios such as tenants requesting a […]