Your Monthly Update on
Singapore’s Office Leasing Landscape
Welcome to the first edition of Singapore Office Snapshot. Each month, we’ll bring you a concise, data-driven look at Singapore’s office leasing market — highlighting key trends, rental movements, and opportunities for tenants.
Our goal is simple: to help you stay informed, compare your current lease against the market, and spot new options that could save costs or improve your workspace. Whether you’re planning ahead or responding to market changes, consider this your quick, reliable read to navigate Singapore’s dynamic CBD.
IN BRIEF
CBD rents edged up in Q2 while vacancy tightened to 5.3%, with large floor plates increasingly scarce — more details below.
Decentralised rents slipped for the first time in four years, narrowing the gap with the CBD and making prime space more accessible — more details below.
CapitaLand Integrated Commercial Trust will acquire the remaining 55% of CapitaSpring for S$1.05b. The tower is almost fully leased, underscoring demand for prime integrated offices.
Lendlease Global Commercial REIT will sell the 12-storey office component of Jem (Jurong East) to Keppel for S$462 million, with completion targeted by Q4 2025. For latest rental rates and available unit sizes: Click Here
Singapore Land Tower is close to completing its final refurbishment phase, featuring a revamped ground-floor lobby, upgraded lift lobbies and enlarged floor plates. For latest rental rates and available unit sizes: Click Here
Premium flex workspace operator The Great Room will open its ninth Singapore location at Stamford Place (61 Stamford Road)—about 30,000 sq ft across two floors in the revamped former Stamford Court—with launch targeted for H2 2026.
At Shaw Tower’s topping-out at the end of July, Shaw Foundation said it will partner with the National Council of Social Service and allocate space in the new tower. For latest rental rates and available unit sizes: Click Here
MARKET STATS
CBD Rents Rise as Vacancy Rates Tighten
Core CBD Grade A rents rose slightly in Q2 2025, climbing to between S$11.71 and S$12.10 psf/month. Vacancy rates also tightened, falling from 5.9% to 5.3%, with strong leasing activity driving occupancy at new developments such as IOI Central Boulevard Towers.
With space in short supply—particularly large contiguous floor plates—tenants are encouraged to plan renewals and new searches early, while landlords balance demand with selective lease incentives.
What this means for tenants: Acting ahead of time is key, especially for larger occupiers, as quality space is becoming harder to secure at favourable terms.
Decentralised Office Rents Ease as Tenants Recentralise
Rents for decentralised Grade A offices fell 0.8% in Q2 2025, marking the first decline in nearly four years. In contrast, CBD rents rose 0.7% over the same period.
The narrowing rental gap between CBD and suburban markets is prompting more tenants to relocate to higher-quality space in the city centre, a trend described as “strategic recentralisation.”
What this means for tenants: If you’ve been considering a CBD move, now may be the moment — rental gaps are smaller, making premium space more accessible.
RECENT RELOCATIONS
- Charles Taylor Consulting / Singapore Land Tower
- Clifford Capital / South Beach Tower
- Integra* / CapitaGreen
- JCDecaux* / Harbourfront Tower 1
- Jane Street / IOI Central Boulevard West Tower
- Lauritzen Bulkers* / Hong Leong Building
- Lockton Group / Singapore Land Tower
- Odgers & Berndtson / Republic Plaza
- Phoenix Accounting* / 78 Shenton Way
- Western Digital / Labrador Tower
- Wood Group / Foster Wheeler / Alexandra Technopark
- WPP Singapore / One George Street
*Relocations with Corporate Locations
Looking for office space in Singapore?
- Curious about the latest rental rates? Check out our online rental table, featuring up-to-date data on over 350 office buildings across Singapore.
- Want to browse current availability? Use our office search tool to view spaces in your current building or all units ranging from under $5 per square foot to Singapore’s top premium offices priced at $16+ per square foot.
- Need tailored recommendations? Share your size, budget and location preferences, and we’ll create a customized office listing for you. This includes the most competitive effective rents (not displayed online) and access to hidden spaces not listed in our database.
Want to stay informed about this future development, other upcoming projects, and the latest news on the Singapore office market? Subscribe to our monthly LinkedIn newsletter – Office Market Snapshot.
Have questions? Don’t hesitate to reach out—we’re always here to help and provide clarity. Our services to tenants are free of charge, covering all options conflict-free, with no obligations on the user.
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