February 25, 2026 3:00 PM
Newmark released its latest Singapore office leasing and strata commercial research, highlighting tight near-term supply, resilient occupier demand and increasingly asset-specific investment strategies across the market.
“Singapore’s office market remains fundamentally resilient, supported by tight supply conditions and steady occupier demand for high-quality space,” said Chris Carver, MRICS, MSISV, AAPI, Executive Managing Director, Head of Asia-Pacific, Valuation & Advisory. “With limited new completions in the near term, occupiers are increasingly opting for renewals, while premium rents are expected to edge higher into 2026.”
Shanting Wong, Director, Head of Research – Singapore, added, “Investor appetite remains intact across strata and shophouse assets, supported by Singapore’s reputation as a stable, transparent and institutionally attractive market, though motivations are becoming more asset-specific. Demand for prime strata offices and freehold shophouses continues to reflect wealth-preservation strategies, while retail activity is being driven by repositioning opportunities.”
Key Market Highlights
- Office leasing: Tight near-term supply expected to support rent growth of 3%–5% by end-2026, supported by limited new supply, stable absorption and continued flight-to-quality demand.
- Strata office: Transaction value declined to about S$1.13 billion in 2025, though deal volume rose year-over-year. Limited availability of larger strata office assets constrains transaction values despite steady demand.
- Strata retail: Transaction values increased 38.3% year-over-year to S$1.2 billion.
- Landed shophouses: Transaction value fell 12.0% year-over-year to S$579 million, as buyers remained selective.
Download Newmark’s latest Singapore office leasing and strata commercial research reports for a closer look at the trends defining leasing and investment activity across the city’s commercial real estate market.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2025, Newmark generated revenues of over $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
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