Rental pick up pace for Smaller Commercial Units

Central Business District
Singapore: Office is up by 12%. However they are still comfortably below their 2008 point so building of office project has been relatively slow and the leading tight provision would landlords a window of opportunity in 2015 to maximise proceeds through with the adjacent 2 years. Most of the rental are from IT firms, telcos and legal service providers, rental and sales activity with sustained demand.

Generally, majority of the letting deals was for smaller units measuring less than 10,000 sq ft that were rented by real economy parties (firms that manufacture goods or give services).

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