Prices and Rentals

Prices of office space decreased by 0.7% in 4th Quarter 2025, compared with the 0.2% decrease in the previous quarter (see Annex A-1a). Rentals of office space increased by 0.4% in 4th Quarter 2025, compared with the 0.1% decrease in the previous quarter (see Annex A-2a). For the whole of 2025, prices of office space decreased by 2.1%, compared with the increase of 1.8% in 2024, while rentals of office space increased by 0.3%, after remaining unchanged in 2024 (see Annexes A-1b & A-2b).

Property Price Index of office space in Central Region

Rental Index of office space in Central Region

Supply in the Pipeline

As at the end of 4th Quarter 2025, there was a total supply of about 867,000 sq m GFA of office space in the pipeline, compared with the 870,000 sq m GFA of office space in the pipeline in the previous quarter (see Annexes E-1 & E-2).

Pipeline supply of office space

Stock and Vacancy

The amount of occupied office space remained unchanged in 4th Quarter 2025, compared with the increase of 1,000 sq m (nett) in the previous quarter. The stock of office space decreased by 7,000 sq m (nett) in 4th Quarter 2025, compared with the decrease of 24,000 sq m (nett) in the previous quarter. As a result, the island-wide vacancy rate of office space decreased to 11.1% as at the end of 4th Quarter 2025, from 11.2% as at the end of the previous quarter (see Annex E-1).

Stock and vacancy of office space

Statistics published 23 Jan 2026. Source of statistics and charts: URA

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