During the course of 2021 rates bottomed out in Q1 last year, and then Grade A office rents grew by around 4.25%. Average gross effective rates for top Grade A buildings are around $10.23 per sq ft compared with $9.81 per sq ft the year before. The ultra-high-end properties are still commanding effective rates in excess of $11.00 per sq ft per month.
Guoco Midtown is an integrated development by GuocoLand in the Beach Road district. With a total size of 770,000 sq ft the 30-storey office tower offers premium Grade A office spaces with efficient floor plates and panoramic views. There is a roof garden on level 7 with a 40m lap pool…Read more
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