JLL: Future supply weighs on grade A office rents in Singapore

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In its latest Global Office Index (2Q15) publication, Jones Lang LaSalle IP (JLL) noted that grade A office rents in Singapore  were only 0.5% higher than they had been in 2Q14. By this measure, the market was the 64th best performing of the 95 markets monitored globally. In 2Q15 alone, grade A office rents in Singapore fell by 5.2% - making the market one of the worst performers (91st). JLL attributed the slippage in grade A office rents to looming increases in supply.

Source : August 2015/JLL/Singapore/OFF