What's a typical lease term in Singapore?

4 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.

How is rent quoted in Singapore?

In SGD/sqft/year. We also publish a USD-normalised view ($102/sqft/yr) for cross-market comparison.

Singapore leases are typically 3-5 years, gross-rent based with the landlord covering most operating expenses inside the rent.

Typical lease length: 4 years.
Typical rent-free: 6 months.
Vacancy: 5.4%; trend rising.
Singapore leases are typically 3-5 years, gross-rent based with the landlord covering most operating expenses inside the rent.

Singapore office lease norms

Singapore leases are typically 3-5 years, gross-rent based with the landlord covering most operating expenses inside the rent.

TL;DR

Typical lease length: 4 years.
Typical rent-free: 6 months.
Vacancy: 5.4%; trend rising.
Singapore leases are typically 3-5 years, gross-rent based with the landlord covering most operating expenses inside the rent.

Structure

Singapore leases are typically 3-5 years, gross-rent based with the landlord covering most operating expenses inside the rent. Rent-free of 4-9 months on a 5-year term is standard. Rent reviews on renewal are open-market. Bank guarantees of 3-6 months are routine. Reinstatement at lease-end is contractual and usually significant — budget for it.

Negotiating levers

Free rent and TI remain the most negotiable line items; landlords prefer concessions to face-rent cuts because they preserve headline rent and implied valuation. Always model effective rent (face minus PV of concessions).

Key facts

city	Singapore
country	Singapore
region	APAC
classARentLocal	138 SGD/sqft/yr
classARentUsd	$102/sqft/yr
vacancy	5.4%
typicalLeaseYears	4
typicalRentFreeMonths	6
submarkets	6
primeYieldPct	3.6%

Frequently asked questions

What's a typical lease term in Singapore?: 4 years for institutional Class A. Shorter terms are achievable on smaller floor plates with stronger covenants.
How is rent quoted in Singapore?: In SGD/sqft/year. We also publish a USD-normalised view ($102/sqft/yr) for cross-market comparison.

Editorial provenance

Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction