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Office Singapore

April 2021

Report

Reihe: Savills Market in Minutes

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  • Erscheinungsdatum : 01.05.2021
  • Seiten : 4 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 412,95 kB
  • Sprache(n) : Englisch

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Inhalt

Rental decline moderates in Q1

  • While there were still companies such as those from the technology sector looking to expand their operations, other tenants are in the process of contemplating 'rightsizing' as they adopt remote working practices.
  • Leasing activity also came from tenants looking for replacement space as they are being forced to move from older buildings slated for redevelopment later this year. Moreover, due to the construction delays in upcoming new buildings, tenants with expiring leases in the near term may renew their leases or look for alternative space now.
  • Sentiment amongst landlords of Grade A offices has been bolstered by delays in new supply, more workers returning to offices as limits on remote working measures get lifted and a healthy office investment market.

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