A clear weekly summary of the developments shaping Singapore’s office market—curated for startups, growing companies and office decision-makers.
Weekly briefing•7 Sep 2026 to 13 Sep 2026
Latest edition
Weekly News
7 Sep 2026 to 13 Sep 2026
Published 13 September 2026 · By Chong Kok Peng, Serviced Office Advisor
Singapore remains one of the world’s ten most expensive prime office markets, while another flexible-workspace centre has opened in a prominent central location.
Here are this week’s key developments—followed by a featured serviced office in Raffles Place.
01
Global prime offices · Q2 2026
Singapore Ranks 10th Among the World’s Most Expensive Prime Office Markets
Summary: Singapore remains a global top 10 prime office market, supported by tight vacancy and limited new supply.
Singapore ranked 10th globally for prime office costs in Q2 2026. According to Savills, Singapore’s net effective occupier cost reached US$158.52 psf per year, equivalent to approximately S$200.84 psf per year or S$16.74 psf per month.
This is an all-in cost comprising rent and fit-out expenses, after adjusting for landlord incentives such as rent-free periods.
CBD Grade A vacancy
5.6%
Global prime office costs
+5.3% year-on-year
Expansion-led major deals
58% in 1H 2026
Flexible-workspace operators and AI companies remain active, while limited premium supply continues to support rents.
JustCo Opens Its 24th Singapore Centre at Raffles City Tower
Summary: JustCo has expanded its Singapore network with a new flexible workspace at Raffles City Tower in the City Hall precinct.
The centre occupies approximately 16,000 sq ft across Levels 9 and 10 and can accommodate more than 300 members. It offers:
Private offices
Dedicated workspaces
Meeting rooms
Collaborative areas
Raffles City Tower provides a prestigious Grade A business address, direct access to City Hall MRT Interchange, and retail, hospitality and convention facilities within the development.
Other serviced offices near City Hall
City Serviced Offices — South Beach Tower
Spaces — 410 North Bridge Road
Arcc Spaces — 75 High Street
WeWork — Beach Centre
The Great Room — Suntec Tower 1
UClub — Suntec Tower 2
Servcorp — Suntec Tower 3
WeWork — Suntec Tower 5
CEO Suite — Centennial Tower
03
Featured office · Raffles Place
Featured Office: The Arcade
Looking for an affordable private office in the heart of Raffles Place? This ready-to-use serviced office at The Arcade provides a bright workspace with windows for a four-person team.
Capacity
4 people
Size
Approx. 150 sq ft
Monthly rent
S$1,900
Building: The Arcade · Level: 17 · Cost per person: Approximately S$475 per month.
Located beside Raffles Place MRT, it offers a convenient CBD address with easy access to banks, dining options and surrounding commercial buildings.
