Finding the right office space in Singapore can be a challenging process. Beyond location and layout, rental cost is often the biggest factor influencing a company’s decision. As businesses grow and evolve, many eventually face the need to relocate to a larger or better-suited office to support expanding teams and operations.

If you are currently exploring office options, this Singapore Office Rental Rates Guide 2026 will help you better understand the market and plan your budget. In this guide, we break down office rental rates across different districts in Singapore, giving you a clearer picture of how prices vary depending on location, building type and office grade.

Quick Snapshot of Office Rental Rates in Singapore

Office rental rates in Singapore can vary significantly depending on location, building quality and office type. Prime offices in the Central Business District typically command the highest prices, while offices outside the CBD tend to be more affordable.

Below is a general overview of typical office rental ranges in Singapore.

Overall, office rents in Singapore typically range between $4 to $14 per square foot per month, depending largely on the district and building grade.

How to Calculate Monthly Office Rent

Office rental in Singapore is typically quoted in price per square foot per month ($PSF). To estimate your monthly rental cost, simply multiply the PSF rate by the size of the office space.

Formula:

Price per square foot ($PSF) × Office size (sqft) = Monthly rent (SGD)

For example, an office that rents at $10 PSF with a size of 2,000 sqft would cost:

$10 × 2,000 = $20,000 per month

This formula provides a quick way for companies to estimate their potential office rental budget.

What Affects Office Rental Rates in Singapore?

Several factors influence how much an office space costs to rent.

 Location

Location is usually the most important factor. Offices in Singapore’s Central Business District (CBD) such as Raffles Place and Marina Bay command premium rents, while city fringe and suburban areas offer more affordable options.

Building Grade

Office buildings are commonly categorised into Grade A, Grade B, or older office buildings. Although there is no official grading system, Grade A buildings generally feature:

• Prime CBD locations
• Modern facilities
• Large floor plates
• Prestigious corporate tenants

Naturally, these buildings command higher rental rates.

Office Type

Office spaces in Singapore can come in several forms:

• Traditional office buildings
• Shophouse offices
• Business parks
• B1 industrial offices

Each type has different rental levels and usage restrictions.

Office Rental Rates by District in Singapore

Below we break down the lowest, average and highest office rental rates across key commercial districts in Singapore.

All rental rates are quoted in PSF (per square foot per month) and are based on landlords’ asking prices. Actual rental rates may vary depending on negotiations, building grade and unit availability.

Raffles Place, Downtown (District 01)

Raffles Place and Downtown form the financial core of Singapore’s Central Business District (CBD). Key office locations include Cecil Street, Church Street, Collyer Quay and the Marina Bay area.

Due to its prestige and concentration of multinational corporations, this district commands some of the highest office rents in Singapore. Offices in newer Grade A towers can reach premium prices, especially those with views of Marina Bay.

Many offices in this district enjoy iconic views of Marina Bay, Marina Bay Sands and the Singapore Flyer, making it a highly sought-after location for companies seeking a prestigious address.

Best for:
Banks, financial institutions, multinational corporations, investment firms, and companies seeking a prestigious CBD business address.

Explore our top picks of office buildings for rent in Raffles Place here!

Tanjong Pagar, Chinatown (District 02)

Tanjong Pagar has evolved into a vibrant extension of the CBD, combining modern office towers with historic shophouses and a wide range of dining and lifestyle amenities.

The district attracts a mix of technology firms, professional services companies and startups, thanks to its convenient location and relatively competitive rental rates compared to prime CBD areas.

Best for:
Startups, tech companies, professional services firms, and businesses that want a CBD location with slightly more competitive rental rates.

Explore our top picks of office buildings for rent in Tanjong Pagar here!

Harbourfront (District 04)

Located just outside the CBD, Harbourfront offers a good balance between accessibility and affordability. The area is well connected via Harbourfront MRT and is home to several modern office buildings.

Many offices here enjoy sea views and proximity to VivoCity, making it an attractive alternative for companies that want a fringe-CBD location.

Best for:
Regional headquarters, shipping and logistics companies, and businesses that want a fringe-CBD location with modern office buildings and sea views.

Explore our top picks of office buildings for rent in Harbourfront here!

Alexandra, One North & Buona Vista (District 03/05)

District 5 consists of mostly Business Parks, and B1 industrial buildings with only a handful of office buildings. One North Business Park is popular with many research & development (R&D) companies, pharmaceutical companies and high-tech companies. The area is known to be both affordable and well connected via public transport. The Singapore Science Park also houses a concentration of R&D and tech companies. However, do note that only certain industries are allowed in the Business Parks. Learn more here.

This district is so popular that a Grade A office building such as The Metropolis at Buona Vista is asking as high as $8.90 PSF, a price that could get you something in the CBD as well.

CityHall, Clarke Quay, Promenade (District 06)

The historical city centre, City Hall is still considered a commercial hub densely populated with commercial and office buildings today.

Due to its central location, this district commands relatively high office rental rates. Buildings such as Suntec City, Centennial and Millennial Towers are popular with multinational companies.

Offices here offer excellent accessibility and, depending on the building orientation, views of Marina Bay, the Singapore Sports Hub or the city skyline.

Best for:
Multinational corporations, consulting firms, and companies that want a central location with strong transport connectivity and premium office towers.

Explore our top picks of office buildings for rent in this district here!

Bugis, Rochor (District 07)

Bugis is a well-established commercial hub with excellent public transport connectivity and a vibrant mix of retail, dining and entertainment options.

Office rental rates vary widely between older buildings and newer developments, making Bugis a popular choice for companies seeking a central location without paying full CBD prices.

Best for:
Creative agencies, SMEs, startups, and companies seeking a central office location at lower rental rates compared to the CBD.

Orchard Road, River Valley (District 09)

While Orchard Road is best known as Singapore’s premier shopping destination, it is also home to a number of office buildings due to its proximity to the CBD and abundance of amenities.

Companies that value accessibility, lifestyle amenities and brand visibility often consider offices in this district.

Best for:
Lifestyle brands, regional offices, boutique firms, and companies that value proximity to retail, dining and lifestyle amenities.

Novena, Newton, Thomson (District 11)

Located just outside Singapore’s Central Business District, the Novena, Newton and Thomson area offers a convenient city-fringe office location with good accessibility via MRT and major expressways. The district features a mix of office developments, medical suites and commercial buildings surrounded by established residential neighbourhoods.

Office rental rates here are generally more affordable than prime CBD locations, making it an attractive option for companies that want proximity to the city centre without paying CBD prices.

Best for:
Medical and healthcare companies, SMEs, professional services firms, and businesses looking for a quieter city-fringe office environment close to the CBD.

Paya Lebar, Geylang (District 14)

Paya Lebar has emerged as one of Singapore’s fastest-growing commercial hubs in recent years.

Developments such as Paya Lebar Quarter have introduced modern Grade A office buildings that attract multinational corporations and growing companies.

Located at a major MRT interchange connecting the East-West and Circle Lines, the district offers excellent accessibility and strong amenities.

Best for:

Paya Lebar is best suited for growing companies, technology firms and regional offices seeking Grade A office buildings outside the CBD.

East – Changi, Tampines, Pasir Ris (District 16, 17 and 18)

The eastern region of Singapore offers a range of business parks and office developments at significantly more affordable rental rates than the CBD.

Changi Business Park is home to several multinational corporations, financial institutions and technology companies that operate regional offices or back-office functions.

The area also benefits from proximity to Changi Airport and strong transport connectivity.

Best for:

This region is best suited for technology companies, financial institutions with back-office operations and aviation-related businesses.

West – Jurong, Tuas  (District 22)

Jurong East serves as the main commercial hub of western Singapore and has developed into a key regional business centre.

The area is home to International Business Park and several commercial developments offering a mix of office, business park and B1 office spaces.

Rental rates are typically more affordable than CBD offices while still offering good connectivity.

Best for:

This region is best suited for logistics companies, engineering firms, manufacturing support teams and businesses serving western Singapore.

Conclusion

Office rental rates in Singapore vary widely depending on location, building grade and office type. Prime Central Business District areas such as Raffles Place and Marina Bay typically command the highest rents, while city-fringe districts and regional commercial hubs provide more cost-effective alternatives.

Whether you are looking for a Grade A office in the CBD, a shophouse office in the city fringe, or a business park office outside the city centre, understanding rental rates across different districts can help you better plan your office budget and shortlist suitable locations.

This guide provides a broad overview of office rental rates in Singapore, but actual rents may vary depending on building availability, floor level, lease terms and market conditions. For the latest statistics on office rents, supply and vacancy trends, you can also refer to the latest Singapore office market outlook.

Looking for Office Space for Rent in Singapore?

Finding the right office can take time, especially with hundreds of office buildings across different districts in Singapore.

Our consultants can help you:

• Identify suitable office buildings based on your requirements

• Shortlist available units within your budget

• Arrange office viewings

• Compare rental rates across locations

• Negotiate lease terms with landlords

Simply contact us with your office requirements, and we will recommend suitable office spaces based on your preferred location, team size and budget.

Our advisory service for tenants is completely free.