In the fourth quarter of 2023, office spaces in Singapore that fell into category 1 had a vacancy rate of 7.5 percent and those in category 2 had a vacancy rate of 11 percent.
Vacancy rate of office spaces in Singapore from 1st quarter 2018 to 4th quarter 2023, by category
According to the source, Category 1 office space “refers to office space in buildings located in core business areas in Downtown Core and Orchard Planning Area which are relatively modern or recently refurbished, command relatively high rentals and have large floor plate size and gross floor area.”
Category 2 refers to the remaining office space in Singapore which are not included in “Category 1”
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Urban Redevelopment Authority (Singapore). (January 24, 2024). Vacancy rate of office spaces in Singapore from 1st quarter 2018 to 4th quarter 2023, by category [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1268634/singapore-office-space-vacancy-rate-by-category/
Urban Redevelopment Authority (Singapore). "Vacancy rate of office spaces in Singapore from 1st quarter 2018 to 4th quarter 2023, by category." Chart. January 24, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1268634/singapore-office-space-vacancy-rate-by-category/
Urban Redevelopment Authority (Singapore). (2024). Vacancy rate of office spaces in Singapore from 1st quarter 2018 to 4th quarter 2023, by category. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1268634/singapore-office-space-vacancy-rate-by-category/
Urban Redevelopment Authority (Singapore). "Vacancy Rate of Office Spaces in Singapore from 1st Quarter 2018 to 4th Quarter 2023, by Category." Statista, Statista Inc., 24 Jan 2024, https://www.statista.com/statistics/1268634/singapore-office-space-vacancy-rate-by-category/
Urban Redevelopment Authority (Singapore), Vacancy rate of office spaces in Singapore from 1st quarter 2018 to 4th quarter 2023, by category Statista, https://www.statista.com/statistics/1268634/singapore-office-space-vacancy-rate-by-category/ (last visited November 21, 2024)
Vacancy rate of office spaces in Singapore from 1st quarter 2018 to 4th quarter 2023, by category [Graph], Urban Redevelopment Authority (Singapore), January 24, 2024. [Online]. Available: https://www.statista.com/statistics/1268634/singapore-office-space-vacancy-rate-by-category/
