Singapore’s class A CBD office rent posted its first uptick in second quarter 2021 following five consecutive quarters of correction due to the impact of the COVID-19 pandemic, reported JLL.
It is expected class A office rents in Singapore will stay on a growth trajectory during the next few years, potentially clocking a total gain of between 25 percent and 30 percent between 2021 and 2025.
JLL Worker Preferences Barometer comprises a series of three surveys conducted in April 2020, October 2020 and March 2021, questioning more than 300 employees in Singapore about their feelings about homeworking and its impact on their work priorities, performance and well-being.
The barometer shows workers are experiencing an increased amount of virtual fatigue, or burn out, and want to return to the office more. They are craving face to-face human interactions with colleagues and are missing that change of scenery one gets from working and living in different places.
