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
Characteristic
Category 1
Category 2
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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 August 25, 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 August 25, 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: August 25, 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 August 25, 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/