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News release

25 June 2023

Singapore office rents flattening out in the second quarter of 2023: JLL

JLL foresees rents to correct in the second half of 2023.

Capital flows

Property management

Office

Financial services

Authors

AP

Andrew Peck

VL

Vera Lim

Quarter	Overall CBD
Quarter	SGD psf/month	QoQ Change
1Q22	10.47	2.3%
2Q22	10.74	2.6%
3Q22	11.06	3.0%
4Q22	11.19	1.2%
1Q23	11.31	1.1%
2Q23	11.33	0.2%

^{Source: JLL Research}