Its leasing index of office area at the middle area dropped 0.6 percent in the third quarter, as well as a 1.3 percent gain in the previous quarter.

There was a whole source of approximately 738,000 sq m of gross floor area of office space from the pipeline as at Sept 30up around the 732,000 sq m in the past quarter.

More information about the Peak Residence price.

The islandwide vacancy rate of office space dropped from 11.5 percent as at the close of their next quarter to 10.6 percent as at Sept 30.

Meanwhile, the retail rents from the middle area rose by 2.3 percent in the next quarter, after falling 1.5 percent in the next.

The URA’s cost indicator of retail area in the middle area was up 1.1 percent in the third quarter, compared with a 0.4 percent gain in the second.

Ms Tricia Song, head of research to Singapore in Colliers International, said its study found that CBD Premium and Grade A gross rents climbed at a lesser rate of 1.5 percent on a quarterly basis, versus a rise of 3 percent in the past quarter. This increased rents to $10.08 per sq feet a month.

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