This article provides a simple guide to renting an office space in the central organization district of Singapore and nearby areas. Note that the facts in this post are as of 2009 and a few of it might be outdated. We are organizing [http://officefinder.com.sg/resources-detail/10-singapore-office-locations-you-must-know]to update this article quickly to reflect the existing market place circumstances within the commercial space industry in Singapore.
The Massive Image
In the heart of all office space, rental activities in Singapore may be the Central Region consisting of Central Small business District (CBD) that comprises the core monetary and industrial districts in Singapore as well as the region in the immediate vicinity of CBD as shown in the image under:
CBD location is regarded as one of the most prime locations for renting workplace space in Singapore. Corporations from the exact same nature have over time clustered in order that different locations inside the CBD region have evolved into distinct hubs. A large amount of existing businesses is moving away from the CBD location as a result of record rental prices. On the other hand, the out there office space is becoming snapped up by fund management and private banking firms. A more detailed map of Singapore’s CBD and its surrounding location is presented under:
Office Rental – Tier-1 Localities
Raffles Place location – is arguably the most sought soon after area in Singapore for leasing office space by banks, economic institutes, insurance businesses, business enterprise centers, and experienced services firms. Raffles Spot together with its nearby streets (Cecil Street, Robinson Road, and Shenton Way) have the highest concentration of Grade A buildings. The area is deemed as the Wall Street of Singapore. Nearest MRT station is Raffles Spot. Existing rental prices for premium buildings here are within the array of S$10 – S$20 psi.
TanjongPagar/Anson Road area – is positioned in close proximity to Raffles Spot and consists of both older and new office buildings. This area is a popular office rental decision amongst media marketing, shipping and trading providers, genuine estate firms, business services groups and various Singapore government institutions. Amongst essential workplace buildings include Capital Tower, Temasek Tower and Amara Corporate Tower, Springleaf Tower, Keppel Towers, GE Tower, International Plaza, etc. Nearest MRT station is TanjongPagar.
River Valley / Singapore River area – positioned among Raffles Spot and Orchard Road region, River Valley region in current years has created into a bustling commercial and retail location in Singapore that provides high-quality workplace space available for renting also as residential, buying and entertainment facilities. Main workplace buildings within this area include things like Central Square, UE Square, Great World City, Central Mall, and so forth. The nearest MRT station is Clark Quay.
Orchard Road region – dwelling to major retail stores, that is Singapore’s prime buying, hotel, and entertainment, also a popular choice for renting office space. Office buildings are quite popular right here because of the convenience, prestige, and infrastructure. Key buildings incorporate Ngee Ann City Tower A& B, Wheelock Location, Wisma Atria, The Atrium@Orchard, Shaw House, Paragon Tower, Orchard Building, The Here, Winsland House I and II, and so on. Nearest MRT station is Orchard, Somerset, &DhobyGhaut.
Suntec City & Marina Bay region – is very popular amongst IT companies, serviced offices, law firms, and other businesses. In addition to five very popular office towers, the Suntec City also comprises of one the largest purchasing malls at the same time as a convention/exhibition center. Located next would be the Marina Bay area with Millenia and Centennial Towers – two from the most prestigious workplace buildings in Singapore. Nearest MRT station is City Hall.
The recently opened Marina Bay Economic Centre would be the newest business hub that is situated in the heart of Marina Bay. MBFC, as it is popularly known, spans an expansive region of 3.55 hectares and houses three office towers that comprise of nearly three million square feet of prime Grade A workplace space. One in the outstanding features on the MBFC could be the spectacular view of the Marina Bay. MBFC’s prestigious tenants include things like most on the notable banks and monetary institutions. Nearest MRT stations are Marina Bay and Raffles Location.
Office Rental – Tier-2 Localities
Beach Road / North Bridge Road area – lies just inside Singapore’s CBD location. Unlike the other locations within the CBD, nonetheless, Beach Road is not as laden with skyscrapers and office buildings. Instead, you will find buying centers, markets, hotels and residential places within the district. There are nevertheless still a number of good high-quality workplace buildings including Raffles City Tower, Parkview Square, The Gateway East & West, Shaw Tower, Bugis Junction Workplace Tower, Odeon Towers, KeyPoint, The Concourse, The Adelphi, Peninsula Plaza, High Street Centre, Odeon Towers, and so on. Nearest MRT stations include City Hall and Bugis.
Bras Basah / Selegie Road area – situated at the fringe of the CBD area, that is a popular workplace space rental option for budget-conscious firms. Important workplace buildings within this involve Sim Lim Tower, Burlington Square, Plaza By The Park, Sunshine Plaza, Selegie Complex, IOI Plaza, NTUC Income Prinsep House, Peace Centre, Paradiz Centre. and so on. The nearest MRT stations include City Hall and DhobyGhaut. CBD and its neighboring regions continue to be by far the most sought after office rental locations for service oriented firms resulting from its prestige, central place, and the overall buzz. Although the rental costs for workplace space in this region have gone up significantly within the last 2 years, demand is still strong by particularly by financial companies. The existing imbalance between demand and supply appears to be a short-term problem and office rental rates within the CBD area should start softening by 2010.
http://officefinder.com.sg/resources-detail/10-singapore-office-locations-you-must-know is Singapore’s leading office space website. This website provides office listings, useful directories and information for businesses and investors whom are renting or buying a office real estate in Singapore.