Office MarketBeat Report
Xian Yang Wong • 09/10/2024
Despite a slight increase in vacancy rates to 5.5% in Q3 2024 (from 5.4% in Q2 2024), CBD Grade A office rents grew 0.3% qoq. The rise in vacancy rates was due to occupiers' consolidation of office footprint amidst hybrid work. Many occupiers continue to seek premier spaces for purposes of brand positioning, talent acquisition and retention, and ESG compliance. However, they remain cost-conscious and are moving ahead with options that are seen to provide the best bang for buck.
Marketbeats
MarketBeat • Investment / Capital Markets
Total investment volumes rose 28.6% qoq to $8.1 billion (b) in Q3 2024, led by the residential sector ($3.1b) followed by industrial ($2.5b) and commercial ($2.3b) sectors.
Xian Yang Wong • 09/10/2024
MarketBeat
Island wide retail rents continued to grow by 0.7% qoq to $29.62 psf/mo in Q3 2023, only about 0.2% below the pre-pandemic rate of $29.68 psf/mo, indicating a steady recovery path underpinned by limited new supply and resilient demand.
Xian Yang Wong • 09/10/2024
MarketBeat
Despite a slight increase in vacancy rates to 5.5% in Q3 2024 (from 5.4% in Q2 2024), CBD Grade A office rents grew 0.3% qoq.
Xian Yang Wong • 09/10/2024
MarketBeat
Industrial property rents continued to show diverging performance in Q2 2024.
Xian Yang Wong • 09/10/2024
MarketBeat
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Xian Yang Wong • 09/10/2024