A survey by Colliers Int'l has ranked S'pore Grade A office space as the 7th most expensive in the world and 3rd in Asia-Pacific in June. The ave annual gross rent here was US$125.06, less than HK at US$213.68, London at US$207.42 and Moscow at US$167.29.
As for vacancy rates, S'pore 7.5% was ranked 13th in Asia-Pacific, below Perth at 0.3%, Seoul at 0.7% and Brisbane at 1.2%.
And in supply, S'pore was ranked 16th with 8.6mil sf of offices under construction, below Dubai at 42mil sf, Shanghai at 41.6mil sf and Guangzhou at 19.8mil sf.
US remained the most active office investment sales market, although volume has dropped 69% to US$28.6bil.
* AsiaOne-Office *
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