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Popular Locations for Office Rental in Singapore

January 22, 2017
 
This short article delivers a simple guide to renting an office space inside the central business district of Singapore and nearby areas. Note that the data within this report is as of 2009 and some of it might be outdated. We are planning to update this short article soon to reflect the present market place situations within the commercial space industry in Singapore.

The Huge Image

At the heart of all office space rental activities in Singapore is definitely the Central Area consisting of Central Business enterprise District (CBD) that comprises the core economic and commercial districts in Singapore plus the location within the immediate vicinity of CBD as shown inside the picture under:

CBD location is considered the most prime location for renting workplace space in Singapore. Organizations of the very same nature have over time clustered in order that different locations within the CBD area have evolved into distinct hubs. Large amount of existing firms are moving away in the CBD region on account of record rental rates. Even so, the readily available office space is getting snapped up by fund management and private banking firms. A additional detailed map of Singapore’s CBD and its surrounding area is presented beneath
 

Office Rental - Tier-1 Localities

Raffles Location area - is arguably one of the most sought just after location in Singapore for leasing workplace space by banks, monetary institutes, insurance corporations, enterprise centres, and skilled solutions firms. Raffles Spot in addition to its nearby streets (Cecil Street, Robinson Road and Shenton Way) have the highest concentration of Grade A buildings. The area is regarded as as the Wall Street of Singapore. Nearest MRT station is Raffles Location. Existing rental rates for premium buildings listed here are in the array of S$10 - S$20 psf.

TanjongPagar/Anson Road location - is located in close proximity to Raffles Location and consists of both older and new workplace buildings. This location is a popular office rental option amongst media marketing, shipping and trading firms, actual estate firms, enterprise solutions groups and several Singapore government institutions. Amongst crucial workplace buildings incorporate 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 Place and Orchard Road area, River Valley region in recent years has created into a bustling commercial and retail area in Singapore that offers high-quality workplace space available for renting as well as residential, buying and entertainment facilities. Significant office buildings in this area consist of Central Square, UE Square, Great Globe City, Central Mall, etc. The nearest MRT station is Clark Quay.

Orchard Road area - property to big retail shops, this can be Singapore’s prime buying, hotel and entertainment, also a popular choice for renting workplace space. Workplace buildings are quite popular here as a result of comfort, prestige and infrastructure. Key buildings include Ngee Ann City Tower A& B, Wheelock Location, Wisma Atria, The Atrium@Orchard, Shaw Residence, Paragon Tower, Orchard Building, The Hereen, Winsland Residence I and II, and so forth. Nearest MRT station is Orchard, Somerset, &DhobyGhaut.

Suntec City & Marina Bay location - is quite popular amongst IT providers, serviced offices, law firms, and other organizations. Moreover to five very popular workplace towers, the Suntec City also comprises of 1 the largest buying malls too as a convention/exhibition centre. Positioned next may be the Marina Bay region with Millenia and Centennial Towers - two on the most prestigious office buildings in Singapore. Nearest MRT station is City Hall.

The recently opened Marina Bay Monetary Centre could be the newest small business hub that may be situated in the heart of Marina Bay. MBFC, as it is popularly known, spans an expansive area of 3.55 hectares and houses three office towers that comprise of nearly three million square feet of prime Grade A office space. A single with the outstanding features in the MBFC is the spectacular view of your Marina Bay. MBFC’s prestigious tenants include most with the notable banks and monetary institutions. Nearest MRT stations are Marina Bay and Raffles Spot.

Office Rental - Tier-2 Localities

Beach Road / North Bridge Road area - lies just inside Singapore’s CBD location. Unlike the other locations within the CBD, on the other hand, Beach Road is not as laden with skyscrapers and office buildings. Instead, you will find shopping centres, markets, hotels and residential locations within the district. There are on the other hand still a number of great high quality workplace buildings including Raffles City Tower, Parkview Square, The Gateway East & West, Shaw Tower, Bugis Junction Workplace Tower, Odeon Towers, KeyPoint, The Concourse, The Adelphi, Peninsula Plaza, High Street Centre, Odeon Towers, etc. Nearest MRT stations consist of City Hall and Bugis.

Bras Basah / Selegie Road area - situated in the fringe of your CBD area, this can be a popular office space rental choice for budget conscious firms. Essential workplace buildings within this are contain Sim Lim Tower, Burlington Square, Plaza By The Park, Sunshine Plaza, Selegie Complex, IOI Plaza, NTUC Income Prinsep Residence, Peace Centre, Paradiz Centre. and so on. The nearest MRT stations inlcude City Hall and DhobyGhaut. CBD and its neighboring locations continue to be one of the most sought just after office rental locations for service oriented firms due to its prestige, central place, as well as the overall buzz. Although the rental costs for workplace space in this region have gone up significantly within the last 2 years, demand is still strong by particularly by economic companies. The present imbalance in between demand and supply appears to be a short-term problem and office rental prices within the CBD region should start softening by 2010.
 
 http://officefinder.com.sg/resources-detail/10-singapore-office-locations-you-must-know is Singapore's leading office space website. This website provides office listings, useful directories and information for businesses and investors whom are renting or buying a office real estate in Singapore.
 

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