Quality A workplace leas in the CBD expanded by 2.7% q-o-q in 2Q2022 to get to $10.74 psf per month, according to a JLL workplace record launched on June 29. This marks a fifth successive quarter of development, as well as the largest development given that leas rebounded in 2Q2021.

Workplace leas have actually now recouped to just 0.6% below the pre-pandemic height of $10.81 psf, according to JLL.

The solid performance throughout the quarter was underpinned by climbing company self-confidence and the relaxation of risk-free administration actions, as all employees were permitted to return to the workplace from April 26.

” Expansions and also new set-ups much eclipsed workplace downsizing, resulting in 2Q2022 web absorption of CBD Grade An office space– at 0.6 million sq ft– getting to the highest possible in 17 quarters, notes Tay Huey Ying, JLL Singapore’s head of study and working as a consultant. Therefore, …