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Jones Lang LaSalle Revamps Operations and Digital Leasing Platform
JLL Brings Together Its Building Operations
Express News | Jll: Expect Greater Synergy and Better Client Value by Aligning Real Estate Management Activities Globally
Express News | Jll: Composition of Jll's Global Executive Board Is Unchanged
JLL Announces Plans to Strengthen Its Building Operations and Digital Leasing Capabilities
Singapore's prime office market shows signs of weakness with vacancy rates reaching the highest level since 2022.
Singapore's prime office market shows signs of softening, with increasing new office spaces leading to the highest vacancy rate in over two years, while rent growth loses momentum. According to real estate consultancy firm jones lang lasalle's data released on Monday, the vacancy rate in Grade A office buildings in Singapore's Central Business District rose for a second consecutive quarter in July-September, reaching 8.3%. This is the highest level since the first quarter of 2022. The company stated that the effective gross rent of these offices remained flat compared to the previous three months, at SGD 11.50 (USD 8.90) per square foot per month, after a 0.7% increase in the preceding quarter.
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