Popular Locations for Office Rental in Singapore

This article offers a standard guide to renting a workplace space inside the central business enterprise district of Singapore and nearby regions. Note that the information and facts in this post are as of 2009 and a few of it might be outdated. We are arranging to update this article soon to reflect the existing marketplace conditions inside the industrial space marketplace in Singapore [http://officefinder.com.sg/resources-detail/10-singapore-office-locations-you-must-know].

The Big Image

At the heart of all workplace space rental activities in Singapore will be the Central Area consisting of Central Business District (CBD) that comprises the core financial and industrial districts in Singapore plus the area within the quick vicinity of CBD as shown inside the picture beneath:

CBD region is regarded as one of the most prime places for renting workplace space in Singapore. Corporations with the similar nature have more than time clustered so that different locations inside the CBD region have evolved into distinct hubs. A great deal of current companies is moving away in the CBD region due to record rental rates. Nonetheless, the out there workplace space is being snapped up by fund management and private banking firms. An additional detailed map of Singapore’s CBD and its surrounding region is presented beneath:

Office Rental - Tier-1 Localities

Raffles Spot region - is arguably essentially the most sought just after a region in Singapore for leading workplace space by banks, monetary institutes, insurance companies, business enterprise centers, and expert services firms. Raffles Place along with its nearby streets (Cecil Street, Robinson Road, and Shenton Way) possess the highest concentration of Grade A buildings. The area is thought of as the Wall Street of Singapore. Nearest MRT station is Raffles Location. Present rental prices for premium buildings here are inside the array of S$10 - S$20 psi.

TanjongPagar/Anson Road region - is situated in close proximity to Raffles Place and consists of each older and new office buildings. This region can be a popular office rental selection among media advertising, shipping and trading providers, genuine estate firms, company services groups and many Singapore government institutions. Amongst key workplace buildings include things like Capital Tower, Temasek Tower and Amara Corporate Tower, Springleaf Tower, Keppel Towers, GE Tower, International Plaza, etc. Nearest MRT station is TanjongPagar.

River Valley / Singapore River region - located amongst Raffles Spot and Orchard Road location, River Valley location in current years has developed into a bustling commercial and retail location in Singapore that provides good quality workplace space out there for renting too as residential, purchasing and entertainment facilities. Key office buildings within this region contain Central Square, UE Square, Excellent World City, Central Mall, and so forth. The nearest MRT station is Clark Quay.

Orchard Road area - house to important retail retailers, this really is Singapore’s prime buying, hotel, and entertainment, also a popular option for renting office space. Office buildings are very popular here due to the comfort, prestige, and infrastructure. Important buildings include Ngee Ann City Tower A& B, Wheelock Location, Wisma Atria, The Atrium@Orchard, Shaw House, Paragon Tower, Orchard Building, The Here, Winsland House I and II, and so forth. Nearest MRT station is Orchard, Somerset, &DhobyGhaut.

Suntec City & Marina Bay region - is very popular among IT companies, serviced offices, law firms, and other enterprises. In addition to five very popular office towers, the Suntec City also comprises of one the largest buying malls also as a convention/exhibition center. Positioned next is the Marina Bay region with Millenia and Centennial Towers - two with the most prestigious office buildings in Singapore. Nearest MRT station is City Hall.

The recently opened Marina Bay Financial Centre is definitely the newest business hub that is situated in the heart of Marina Bay. MBFC, as it is popularly known, spans an expansive location of 3.55 hectares and houses three workplace towers that comprise of nearly three million square feet of prime Grade A workplace space. One of your outstanding features of the MBFC could be the spectacular view of your Marina Bay. MBFC’s prestigious tenants incorporate most in the notable banks and monetary institutions. Nearest MRT stations are Marina Bay and Raffles Place.

Office Rental - Tier-2 Localities

Beach Road / North Bridge Road region - lies just inside Singapore’s CBD region. Unlike the other regions within the CBD, however, Beach Road is not as laden with skyscrapers and office buildings. Instead, you will find shopping centers, markets, hotels and residential regions within the district. There are having said that still a number of good quality office buildings including Raffles City Tower, Parkview Square, The Gateway East & West, Shaw Tower, Bugis Junction Office Tower, Odeon Towers, KeyPoint, The Concourse, The Adelphi, Peninsula Plaza, High Street Centre, Odeon Towers, and so forth. Nearest MRT stations incorporate City Hall and Bugis.

Bras Basah / Selegie Road region - situated on the fringe from the CBD location, this can be a popular workplace space rental option for budget-conscious firms. Essential workplace buildings in this are contained Sim Lim Tower, Burlington Square, Plaza By The Park, Sunshine Plaza, Selegie Complex, IOI Plaza, NTUC Income Prinsep House, Peace Centre, Paradiz Centre. etc. The nearest MRT stations include City Hall and DhobyGhaut. CBD and its neighboring regions continue to be essentially the most sought soon after office rental locations for service oriented firms resulting from its prestige, central place, and also the overall buzz. Although the rental costs for office space within this region have gone up significantly in the last 2 years, demand is still strong by particularly by monetary companies. The present imbalance in between demand and supply appears to be a short-term problem and office rental rates within the CBD area should start softening by 2010.

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