Paris ($102/sqft, 7.6% vacancy) and Singapore ($102/sqft, 5.4% vacancy) compete on different axes: Paris on rent and tax and Singapore on talent depth.
Paris ($102/sqft, 7.6% vacancy) and Singapore ($102/sqft, 5.4% vacancy) compete on different axes: Paris on rent and tax and Singapore on talent depth.
| Metric | Paris | Singapore |
|---|---|---|
| Region | EMEA | APAC |
| Country | France | Singapore |
| Class A rent (USD/sqft/yr) | $102 | $102 |
| Class A rent (local) | 95 EUR | 138 SGD |
| Vacancy | 7.6% | 5.4% |
| Trend | rising | rising |
| Prime yield | 4% | 3.6% |
| Premium flex / seat / month (USD) | $1,180 | $1,180 |
| Submarkets covered | 6 | 6 |
| Corporate tax | 25% | 17% |
| Metric | Paris | Singapore |
|---|---|---|
| Typical term | 9 yrs | 4 yrs |
| Typical rent-free | 18 mos | 6 mos |
| Lease norms | The bail commercial is the standard lease — 9 years with tenant break rights at year 3 and year 6. Rent is indexed annually to the ILAT or ICC indices. Rent-free of 12-24 months on a 9-year term is standard. Service charges and tax foncière are typically passed through. Restoration to original is the default obligation. | 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. |
| Tax note | Headline corporate tax 25%. Local cotisation foncière des entreprises (CFE) and contribution sur la valeur ajoutée des entreprises (CVAE) add a meaningful local layer. Île-de-France tertiary tax (TSB) applies to office occupiers. | 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. |
| Metric | Paris | Singapore |
|---|---|---|
| Talent index (0–100) | 90 | 92 |
| Talent note | Strong financial-services and luxury-brand talent pool. Average all-in compensation indexes 90 vs. New York's 100. | Premium APAC talent hub. Average all-in compensation indexes 92 vs. New York's 100. |
Paris: RER A and the Métro span the entire QCA. The Grand Paris Express network is materially reshaping Greater Paris commute economics through 2030.
Singapore: The MRT network reaches every CBD address. Changi Airport is 20 minutes by MRT or taxi. Jurong Region Line and Cross Island Line expansions are extending the catchment.
Paris and Singapore are roughly cost-equivalent in USD/sqft.
Singapore has the deeper talent index (92/100 vs 90/100).
Singapore has the lower headline corporate tax (17% vs 25%). Local incentives can change the effective rate materially.
Paris typical term is 9 years with 18 months free; Singapore runs 4 years with 6 months free.
Paris: RER A and the Métro span the entire QCA. The Grand Paris Express network is materially reshaping Greater Paris commute economics through 2030. Singapore: The MRT network reaches every CBD address. Changi Airport is 20 minutes by MRT or taxi. Jurong Region Line and Cross Island Line expansions are extending the catchment.
Score Paris, Singapore and up to two more markets side-by-side on Class A rent, vacancy, talent, corporate tax, and premium flex pricing — all in USD.
Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.