Rents for Grade A office spaces in Singapore rose for a ninth consecutive quarter in 1Q 2023.

The growth for this sector, which covers mainly offices in the core CBD areas, rose by 0.6% quarter-on-quarter to reach SGD 11.53 per sq foot.

This is a slight increase from the 0.5% quarter-on-quarter growth in 4Q 2022.

Related: Singapore office REITs face moderating rental growth amid supply glut

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.