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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