Sunday, April 8, 2012

Retail rents remain steady in first quarter

Straits Times: Fri, Apr 06
RETAIL rents held steady in the first quarter from the previous three months although they are tipped to inch up as the year rolls on, according to property experts.


Orchard Road rents were unchanged at a $31.60 per sq ft per month for the three months to March 31, the same as the previous quarter but up 5 per cent on the first quarter of 2011, said property consultancy CBRE.


Prime suburban retail rent rates also held their ground at $29.75 per sq ft but were 2.2 per cent up year-on-year...

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