What is the average Class A rent in Singapore?

Around 138 SGD/sqft/yr ($102 USD) across the broader Class A index. Trophy submarkets like Marina Bay command 20–40% above that.

How many months of rent-free are normal in Singapore?

6 months on a 4-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Singapore?

The Singapore Class A market is currently rising. Vacancy is 5.4%, which sets the negotiating context.

Headline Class A rent in Singapore is around 138 SGD/sqft/yr ($102 USD), with 6 months of typical rent-free on a 4-year term.

Headline Class A rent: 138 SGD/sqft/yr ($102 USD).
Trophy submarket rents (Marina Bay) push to roughly S$14.5/sqft/mo · ≈ $129 PSF/yr USD.
Typical concessions on a 4-year deal: 6 months free rent.
Vacancy stands at 5.4% — market trend is rising.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Singapore Class A office rents and incentives

Headline Class A rent in Singapore is around 138 SGD/sqft/yr ($102 USD), with 6 months of typical rent-free on a 4-year term.

TL;DR

Headline Class A rent: 138 SGD/sqft/yr ($102 USD).
Trophy submarket rents (Marina Bay) push to roughly S$14.5/sqft/mo · ≈ $129 PSF/yr USD.
Typical concessions on a 4-year deal: 6 months free rent.
Vacancy stands at 5.4% — market trend is rising.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Singapore are quoted in SGD per sqft per year. Across the broad Class A index the figure is 138, but the trophy tier in Marina Bay reaches roughly S$14.5/sqft/mo · ≈ $129 PSF/yr USD. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Singapore concessions on a 4-year Class A lease run to 6 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — Headline corporate tax of 17%, with a partial tax exemption for the first SGD 200,000 of chargeable income. A network of double-tax treaties and the Singapore Variable Capital Company (VCC) regime make Singapore particularly attractive for fund managers and family offices.

Where rents land by submarket

Marina Bay sits at the top end (~S$14.5/sqft/mo · ≈ $129 PSF/yr USD). Shenton Way & Tanjong Pagar clears around S$11.5/sqft/mo · ≈ $102 PSF/yr USD as the prime tier. Orchard represents the value end at ~S$11.8/sqft/mo · ≈ $105 PSF/yr USD. The full submarket map is on the Singapore city page.

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%
trophyRent	S$14.5/sqft/mo · ≈ $129 PSF/yr USD
primeRent	S$11.5/sqft/mo · ≈ $102 PSF/yr USD

Frequently asked questions

What is the average Class A rent in Singapore?: Around 138 SGD/sqft/yr ($102 USD) across the broader Class A index. Trophy submarkets like Marina Bay command 20–40% above that.
How many months of rent-free are normal in Singapore?: 6 months on a 4-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Singapore?: The Singapore Class A market is currently rising. Vacancy is 5.4%, which sets the negotiating context.

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

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