The current office rental Singapore office had increased tremendously. Office rental space in Singapore is currently facing a shortage of supply. This is due to several redevelopments or retrofitting of commercial office building. Many buildings in the prime district are redeveloping for residential usage. The high influx of oversea companies, especially financial institute, moving into Singapore had also contributed to the office rental in Singapore to soar.
For company looking into expanding their office space in Singapore, finding a suitable space is becoming a challenging task. Some companies had opted to move towards High tech building or business park zone. Due to the tight supply of office rental in Singapore, some companies had also decentralized their operation, moving backend operation out of the central business district. There are still ample office spaces in the industrial or business park zone.
For some companies, the current office rental had double and even triple when come to renewal of lease. The days of tenants paying low rental and enjoying large space are over. Tenants that do not choose to renew the lease will also need to lower their...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
