Cushman & Wakefield's office costs survey showed that Singapore has jumped from #17 to #7 spot in the world's office market. Due to tight supply, prime rents has increased by 78% on average and the occupancy costs (rents + running costs) was abt US$130 psf/yr (S$15.44 psf/mth) on average in Singapore.
Worldwide rents went up by 14% as compared to 10% in 2006.
* CNA-OfficeCosts , AisaOne-WageCosts *
Thursday, February 14, 2008
S'pore - 7th Most Expensive Office Market
Labels:
Commercial,
Rental,
Singapore,
World
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