Occupancy costs in Middle East the fastest growing THIS is one ranking that Singapore would be happy not to climb: Cities with the fastest-growing rentals. According to a semi-annual survey of office markets worldwide, Singapore now ranks 13th in terms of posting the fastest-rising rents among 172 markets, slipping from No 3 position six months ago. Here, occupancy costs - which include expenses for...
Occupancy Costs
Singapore has moved up 10 spots to become the world’s seventh most expensive office location. According to Cushman & Wakefield’s global ranking, prime office rents shot up 78 percent in Singapore last year. The property consultancy expects demand for office space from companies across most industry sectors to remain strong this year against a tight supply till 2010. Cushman is predicting that...