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OUTLOOK 2026

Singapore office landlords poised to turn more aggressive in rent expectations

Most property consultants project acceleration in CBD Grade A office rent growth in 2026, on the back of tighter supply

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Kalpana Rashiwala

Kalpana Rashiwala

Published Tue, Dec 23, 2025 · 06:29 PM — Updated Tue, Dec 23, 2025 · 08:34 PM
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    • The supply shortage in the Singapore CBD Grade A office market may be felt more acutely in 2026 if the re-centralisation trend intensifies.
    • The supply shortage in the Singapore CBD Grade A office market may be felt more acutely in 2026 if the re-centralisation trend intensifies. PHOTO: KALPANA RASHIWALA, BT

    [SINGAPORE] The balance of power is shifting towards landlords in Singapore’s prime office market, with most property consultants forecasting an acceleration in Central Business District (CBD) Grade A office rent growth in 2026 due to tighter supply conditions.

    Demand is expected to remain stable.

    CBRE expects the gross effective average office rental value for its Core CBD (Grade A) basket to increase by 4.9 per cent to S$12.90 per square foot (psf) per month in the fourth quarter of 2026, from S$12.30 psf in Q4 2025.

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