11/05/2026
Singapore's CBD vacancy is below 3% and Grade A office supply isn't coming fast enough.
It's the kind of market dynamic that raises real questions for businesses thinking about their office strategy — whether to lock in now, wait it out, or rethink what space they actually need.
Justin Chen (CEO, Arcc Spaces) joined Chris Archibold (Director of Office Services Southeast Asia, Colliers) on Real Estate Asia to unpack what's driving this.
As Justin shared "Singapore is a very attractive market within Asia, and that's precisely why the pressure on space isn't letting up. Demand from family offices, private banking, and fintech continues to underpin occupancy."
Chris also added the supply side context and vacancy has dropped to levels where, as he put it, "whichever way you cut it, that's a low vacancy."
With Grade A rents at $12–13 PSF and the pipeline thin, committing to a long conventional lease in this environment carries real risk.
For businesses that want a quality CBD address without locking into a multi-year commitment at peak rents, flex space within Grade A buildings is increasingly the most viable answer.
The location and amenity without the exposure. It's also why we've been thoughtful about where we plant our flag, including our upcoming presence at Bank of Singapore Centre in Raffles Place.
Thank you Real Estate Asia for the feature — worth a watch if you're navigating the Singapore office market right now.
https://realestateasia.com/videos/cbd-vacancy-falls-below-3-in-singapore-offices
News Commercial Office Published: 13 days ago 188 views CBD vacancy falls below 3% in Singapore offices Low supply and steady demand tighten the market, pushing rents higher.Singapore’s office rental market is entering a supply-driven upswing, with tightening vacancies pushing Grade A rents higher...