# Singapore CBD office rents rise 1.0% in Q3

- **Source:** Real Estate Asia
- **Published:** 2026-10-13T01:00:00.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-office/news/singapore-cbd-office-rents-rise-10-in-q3
- **Topics:** Commercial & Industrial, Regional Markets

## Featured rationale

Falling vacancy and technology-sector expansion signal firm occupier demand, which could support further rental growth as large-format Grade A office availability remains limited.

## AI summary

Singapore CBD Grade A office rents rose 1.0% quarter on quarter in Q3 2026, bringing growth for the first nine months to 2.8%.

## Original article

This brings rental growth for the first three quarters of 2026 to 2.8%.

Singapore's CBD Grade A office market recorded another quarter of rental growth in Q3 2026, with gross effective rents rising 1.0% quarter on quarter, according to JLL Research.

The increase brought rental growth for the first three quarters of the year to 2.8%, matching the pace recorded over the same period in 2025. JLL said overall CBD office vacancy fell to its lowest level in 10 quarters, led by strong take-up in Marina Bay.

Limited availability of large-format offices has narrowed the rental gap between larger and smaller units as occupiers compete for scarce Grade A space, JLL said.

Technology and artificial intelligence companies have been a key source of demand. OpenAI is reportedly in advanced negotiations for about 120,000 sq ft across five floors at the newly completed Shaw Tower, substantially expanding from its current footprint at CapitaSpring. Sierra AI and Manus AI have also reportedly taken space at Keppel South Central.

Michael Glancy, country CEO, Singapore and Southeast Asia, at JLL, said AI and technology firms are securing space despite unresolved macroeconomic uncertainty, while Singapore's position as an Asia Pacific technology hub continues to support expansion.

JLL said the government's upgrade of Singapore's 2026 GDP growth forecast to 4.5%-5.5%, from 2%-4% previously, has also strengthened the economic backdrop for office demand.

JLL maintained its forecast for CBD Grade A rents to rise about 4% over the full year in 2026, with cumulative growth of around 15% projected through 2030.

## Chinese translation

> Translation model: grok_cli

### 新加坡中央商务区写字楼租金第三季度上涨1.0%

新加坡中央商务区甲级写字楼市场在2026年第三季度再次录得租金增长，总有效租金环比上涨1.0%，据

这使得2026年前三季度的租金涨幅达到2.8%。

据JLL Research，新加坡中央商务区甲级写字楼市场在2026年第三季度再次录得租金增长，总有效租金环比上涨1.0%。

这一升幅使今年前三季度租金累计涨幅达到2.8%，与2025年同期的增速持平。JLL表示，中央商务区写字楼整体空置率降至10个季度以来最低水平，主要由滨海湾的强劲吸纳所带动。

JLL表示，大型办公空间供应有限，租户争抢稀缺的甲级空间，使较大与较小单位之间的租金差距收窄。

科技与人工智能公司一直是需求的重要来源。据报，OpenAI正就新落成的Shaw Tower约120,000平方英尺、横跨五层的空间进行深入洽谈，较其目前在CapitaSpring的面积大幅扩张。据报，Sierra AI和Manus AI也已承租Keppel South Central的空间。

JLL新加坡及东南亚国家首席执行官Michael Glancy表示，尽管宏观经济不确定性尚未消退，人工智能与科技公司仍在锁定空间，而新加坡作为亚太科技枢纽的地位继续支撑扩张。

JLL表示，政府将新加坡2026年GDP增长预测从先前的2%至4%上调至4.5%至5.5%，也强化了写字楼需求的经济背景。

JLL维持其预测，即中央商务区甲级写字楼租金在2026年全年将上涨约4%，并预计至2030年累计涨幅约为15%。