Orchard is a established-tier Class A submarket of Singapore with average asking rent around S$11.8/sqft/mo · ≈ $105 PSF/yr USD.
Boutique HQ market on Singapore's premier retail spine. · Tier: established · Avg rent: S$11.8/sqft/mo · ≈ $105 PSF/yr USD
Orchard Road remains a small but premium office submarket — boutique HQs, private-banking offices, and family offices that prefer the West End character of the address. Stock is limited and rents trade at a premium to floor-plate fundamentals.
Private banks, family offices, luxury brand HQs, boutique advisory.
Smaller floor plates 10-20,000 sqft.
Orchard MRT, Somerset MRT, Newton MRT.
Strong access from Bukit Timah, the Botanic Gardens corridor, and the East Coast.
Orchard Road retail, hotels, Botanic Gardens.
Orchard is one of 6 Class A submarkets we cover in Singapore, classified as established tier with an average asking rent around S$11.8/sqft/mo · ≈ $105 PSF/yr USD. Compared with the broader Singapore Class A stock, Orchard typically attracts Private banks, family offices, luxury brand HQs, boutique advisory and competes most directly with the city's other established submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Orchard: Marina Bay, Raffles Place, Shenton Way & Tanjong Pagar, One-North. The full Singapore submarket atlas is at /cities/singapore.
For an institutional Class A occupier evaluating Orchard, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Singapore Class A leasing and to the established tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.