Popular Locations for Office Rental in Singapore
This short article gives a fundamental guide to renting an workplace space within the central small business district of Singapore and nearby regions. Note that the data within this post is as of 2009 and some of it may be outdated. We are planning to update this article soon to reflect the present industry conditions inside the commercial space industry in Singapore.
The Massive Image
In the heart of all workplace space rental activities in Singapore may be the Central Area consisting of Central Enterprise District (CBD) that comprises the core monetary and industrial districts in Singapore and the region in the immediate vicinity of CBD as shown in the picture under:
CBD location is regarded probably the most prime place for renting workplace space in Singapore. Firms of the similar nature have more than time clustered so that a variety of locations in the CBD area have evolved into distinct hubs. Lot of existing providers are moving away from the CBD area as a result of record rental costs. Nevertheless, the obtainable workplace space is becoming snapped up by fund management and private banking firms. A much more detailed map of Singapore’s CBD and its surrounding region is presented under:
Office Rental - Tier-1 Localities
Raffles Place area - is arguably by far the most sought just after region in Singapore for leasing office space by banks, economic institutes, insurance coverage firms, organization centres, and professional solutions firms. Raffles Place in conjunction with its nearby streets (Cecil Street, Robinson Road and Shenton Way) possess the highest concentration of Grade A buildings. The location is deemed as the Wall Street of Singapore. Nearest MRT station is Raffles Place. Current rental rates for premium buildings listed below are within the range of S$10 - S$20 psf.
TanjongPagar/Anson Road location - is situated in close proximity to Raffles Location and consists of both older and new workplace buildings. This area can be a popular office rental selection among media marketing, shipping and trading providers, true estate firms, business enterprise services groups and numerous Singapore government institutions. Amongst key 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 area - situated in between Raffles Location and Orchard Road region, River Valley region in recent years has developed into a bustling commercial and retail area in Singapore that provides high quality workplace space readily available for renting at the same time as residential, purchasing and entertainment facilities. Key workplace buildings in this region include Central Square, UE Square, Excellent World City, Central Mall, and so on. The nearest MRT station is Clark Quay.
Orchard Road location - dwelling to important retail stores, that is Singapore’s prime shopping, hotel and entertainment, also a popular choice for renting workplace space. Office buildings are fairly popular right here because of the convenience, prestige and infrastructure. Essential buildings include Ngee Ann City Tower A& B, Wheelock Place, Wisma Atria, The Atrium@Orchard, Shaw Property, Paragon Tower, Orchard Building, The Hereen, Winsland House I and II, and so forth. Nearest MRT station is Orchard, Somerset, &DhobyGhaut.
Suntec City & Marina Bay area - is extremely popular amongst IT businesses, serviced offices, law firms, and other businesses. Additionally to five really popular office towers, the Suntec City also comprises of a single the largest buying malls as well as a convention/exhibition centre. Located next could be the Marina Bay region with Millenia and Centennial Towers - two of the most prestigious workplace buildings in Singapore. Nearest MRT station is City Hall.
The recently opened Marina Bay Monetary Centre may be the newest business hub that is certainly 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 office space. 1 of your outstanding features on the MBFC would be the spectacular view with the Marina Bay. MBFC’s prestigious tenants incorporate most from 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 location - lies just inside Singapore’s CBD location. Unlike the other areas within the CBD, on the other hand, Beach Road is not as laden with skyscrapers and workplace buildings. Instead, you will find purchasing centres, markets, hotels and residential areas within the district. There are on the other hand still a number of fantastic high-quality office 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 contain City Hall and Bugis.
Bras Basah / Selegie Road area - situated at the fringe in the CBD region, this really is a popular office space rental alternative for budget conscious firms. Key office buildings in this are involve 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 forth. The nearest MRT stations inlcude City Hall and DhobyGhaut. CBD and its neighboring areas continue to be one of the most sought just after office rental locations for service oriented firms resulting from its prestige, central location, plus the overall buzz. Although the rental costs for workplace space within this region have gone up significantly inside the last 2 years, demand is still strong by particularly by economic organizations. The existing imbalance involving demand and supply appears to be a short-term problem and office rental prices inside the CBD location should start softening by 2010.
Browse and search [http://officefinder.com.sg/resources-detail/10-singapore-office-locations-you-must-know] through our property database with updated office for rent listings. Our single click search and other features such as email listings to friends, print out selected listing, Office Alert and listings filtering and sorting functions make finding an office for rent Singapore simple.