Inside Network
  • Nederlands
  • Français
  • Deutsch
  • Home
  • Business
  • Marketing & Tech
  • Real Estate
  • Contact
  • About us
    • Vacancies
    • Our team
No Result
View All Result
  • Home
  • Business
  • Marketing & Tech
  • Real Estate
  • Contact
  • About us
    • Vacancies
    • Our team
No Result
View All Result
Inside Network
Home Real Estate Office space

Singapore: The commercial jewel of Asia in 2020 and beyond

by Inside Network
February 6, 2020
in Office space, Real Estate
Skyline of Singapore

Singapore is a very unique place; it is not just the only city-island state in the world but also the smallest country in the world. However, Singapore has a large population of more than 5 million inhabitants. This mix of a geographically small area and a large population requires innovative solutions when it comes to creating enough space for people to work and live in.

In Singapore, high-rise buildings are commonplace, as is a lack of space. With a low vacancy rate of around 4.5%, finding a suitable office space in Singapore can be quite challenging. Because of this, the government of Singapore has identified the need to create more office space in the city-state and developers are gearing up to address the low vacancy rate.

Another serious problem in Singapore is the ever-increasing rent rates. Since 2012 rent rates have been steadily increasing to record levels which have made it very difficult for smaller companies to find offices in prime locations around the city. In order to support smaller businesses and stimulate economic growth further, the Singaporean government has identified the controlling of rising rent rates as a priority.

Looking at 2020 and beyond

As is the case in many Asian countries, Singaporean development projects often combine commercial space and residential space into one building. Projects such as these offer prime office locations for smaller companies with a need for small working spaces. Several new developments and renovation projects are underway in Singapore and upon completion of these projects and an additional 150 thousand square metres of rentable space will be available by the end of 2020.

Since the island of Singapore is a hotspot for people, it is also a hotspot for development and new projects are constantly being launched. Many projects are scheduled for completion beyond 2020, and this will add even more rentable space for small companies and larger corporates.

In conclusion

Singapore is and always has been a popular destination for companies who wish to break into the lucrative Asian market. This trend drives new developments and as such, Singapore will always remain busy and profitable.

Tags: GrowthGuideSingaporeVacancy rates

Related Posts

how-to-delete-instagram-account
Marketing & Tech

How to delete Instagram account? Quick and Easy Guide 2023

January 3, 2023
what is pm on facebook and how to send it?
Facebook

What does PM mean on facebook? And how to PM someone on Facebook?

September 7, 2022
Marketing & Tech

DISM.exe /Online /Cleanup-Image /Restorehealth commands. What can it do?

August 22, 2022

Marketing & Tech

How to make a group chat on Snapchat 2023: Step-by-Step Guide!

What Features Are Must-Have in Your Digital Signage Software in 2023

What is BeReal? The photo-sharing app explained!

5 Common Social Media Threats and How to Protect Yourself

How to delete Instagram account? Quick and Easy Guide 2023

dedicated-server

Features of a Dedicated Server

January 27, 2023
how-to-make-a-group-chat-on-snapchat

How to make a group chat on Snapchat 2023: Step-by-Step Guide!

January 24, 2023
digital-signage-software

What Features Are Must-Have in Your Digital Signage Software in 2023

January 23, 2023
posters

5 Mistakes to Avoid When Designing a Poster For Your Brand

January 12, 2023

Best Articles

How To Sign Out Of Outlook On Desktop And Mobile?

What does a highlighted comment mean on YouTube?

Best paying jobs in basic industries in 2023

How to delete a Discord server?

How to make a post shareable on Facebook?

How to log out of the Amazon App and website using mobile and desktop?

DISM.exe /Online /Cleanup-Image /Restorehealth commands. What can it do?

How to put programs to sleep in Windows 10?

What does a Chief Commercial Officer (CCO) do? And what is the meaning of a CCO?

How to search for a seller on eBay?

Top 10 Best Paying Jobs In Public Utilities

What does PM mean on facebook? And how to PM someone on Facebook?

How to add multiple pictures in to one Instagram story?

How to watch Instagram live on PC or laptop?

Best paying jobs in capital goods in 2023

10 Best Paying Jobs In Energy in 2023

How to remove a Google profile picture?

How to mark all emails as read in Gmail and Outlook

Inside Network

Inside Network

Insidenetwork is the specialist in articles on business, tech, real estate and marketing.

Contact us

info@insidenetwork.com

Recent Articles

dedicated-server

Features of a Dedicated Server

January 27, 2023
how-to-make-a-group-chat-on-snapchat

How to make a group chat on Snapchat 2023: Step-by-Step Guide!

January 24, 2023

Categories

  • Business
    • Human resource management
    • Management & Organization
  • Marketing & Tech
    • Advertising
    • E-commerce
    • Facebook
    • Search Engine Optimization
    • Social media
  • Real Estate
    • Office space
  • Uncategorized
  • About us
  • Contact

© 2020 Insidenetwork.com - The place for business.

No Result
View All Result
  • Home
  • Business
  • Marketing & Tech
  • Real Estate
  • Contact

© 2020 Insidenetwork.com - The place for business.

  • English
  • Nederlands
  • Français
  • Deutsch