Expects strong leasing activities in the fourth quarter with the completion of South Beach.
Cushman & Wakefield estimated that Grade A office rents to rise to their highest level since 2008.
It is recorded that office rental prices in Singapore has been rising for 6 quarters consecutively.
Regardless of the rising prices, Marina Bay Financial Centre lowered its vacancy from 6.6% to 6.1%.
This trend can also be observed in office spaces in the suburban areas of Singapore.
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