Singapore Office Rental Rates 2026: How Much Does Office Rent Cost?

Office rental rates in Singapore vary significantly depending on location, building grade and property specifications. Based on Office Navi Singapore's September 2026 asking rental data, conventional office rents range from approximately SGD 4.00 psf per month in selected suburban buildings to SGD 15–17+ psf per month for premium CBD offices. Certain premium units may command even higher asking rents.

Updated: September 2026

How Much Is Office Rent in Singapore in 2026?

Office rental costs in Singapore vary widely across different business districts. Prime CBD locations such as Raffles Place and Marina Bay generally command higher rents, particularly for newer Grade A developments, while older CBD buildings and offices outside the city centre can offer more affordable options.

For example, in Office Navi Singapore’s September 2026 data, asking rents at Marina One are SGD 14.00–15.00 psf per month, while MBFC Towers 1–3 are SGD 15.00–15.50 psf per month.

At the other end of the market, buildings such as International Plaza in Tanjong Pagar are asking SGD 6.00–7.50 psf, while Woods Square Tower 2 in the North Region ranges from SGD 4.00–6.60 psf.

These differences mean that companies can often reduce their rental costs significantly by considering alternative locations or different building grades, rather than focusing only on prime Grade A offices.

Raffles Place & Marina Bay Office Rental Rates

Office asking rents in Raffles Place and Marina Bay range from approximately SGD 7.00 psf to SGD 17.00 psf per month in Office Navi Singapore’s September 2026 data, depending on the building and available unit.

Premium developments generally sit at the upper end of the range. IOI Central Boulevard West Tower is asking SGD 15.00–17.00 psf, OUE Bayfront SGD 15.00–16.00 psf, Marina One SGD 14.00–15.00 psf, and Marina Bay Financial Centre (MBFC) Towers 1–3 SGD 15.00–15.50 psf.

More affordable options are also available within the area. For example, asking rents are SGD 7.00 psf at Bharat Building, SGD 7.50 psf at The Arcade, and SGD 7.80 psf at 21 Collyer Quay.

Robinson Road & Shenton Way Office Rental Rates

Office asking rents in the Robinson Road and Shenton Way area range from approximately SGD 5.90 psf to SGD 15.00 psf per month based on Office Navi Singapore’s September 2026 data.

At the higher end, CapitaSky is asking SGD 13.50–15.00 psf, while Capital Tower is asking SGD 12.00 psf and Robinson Point SGD 12.00 psf.

Businesses looking for lower rental rates can find options such as Philippine Airlines Building at SGD 5.90–7.30 psf, Cecil Court at SGD 6.50 psf, and 150 Cecil Street at SGD 6.50–7.70 psf.

Tanjong Pagar & Anson Road Office Rental Rates

Office asking rents in Tanjong Pagar and Anson Road range from approximately SGD 5.50 psf to SGD 15.00 psf per month in Office Navi Singapore’s September 2026 data.

Premium and newer office developments are positioned toward the upper end of the market.

Guoco Tower is asking SGD 14.00–14.50 psf, Keppel South Central SGD 12.00–15.00 psf, and Twenty Anson SGD 12.00–13.50 psf.

Lower-cost options include Union Building at SGD 5.50–6.20 psf, International Plaza at SGD 6.00–7.50 psf, and Jit Poh Building at SGD 6.50 psf. ★Office Rental PSF Guide 2026

City Hall, Suntec & Bugis Office Rental Rates

Office asking rents across City Hall, Suntec and Bugis range from approximately SGD 5.20 psf to SGD 21.00 psf per month, making this one of the widest rental ranges among the areas covered in Office Navi Singapore’s September 2026 data.

Premium buildings include Guoco Midtown at SGD 14.80–21.00 psf, Millenia Tower at SGD 16.00–17.00 psf, Centennial Tower at SGD 16.00 psf, and Shaw Tower at SGD 14.00–15.00 psf. Suntec Towers 1–5 generally have asking rents from SGD 11.50 to SGD 12.80 psf, depending on the tower and available unit.

At the lower end, Fortune Centre is asking SGD 5.20–5.60 psf, The Bencoolen SGD 5.20 psf, and Sunshine Plaza SGD 6.00–6.50 psf.

Orchard Road Office Rental Rates

Office asking rents in the Orchard Road area range from approximately SGD 5.00 psf to SGD 12.00 psf per month in Office Navi Singapore’s September 2026 data.

Examples at the upper end include Wheelock Place and Wisma Atria at SGD 12.00 psf, Winsland House I and II at SGD 11.00 psf, and The Heeren at SGD 10.80 psf.

More affordable options include Orchard Towers at SGD 5.00 psf, Forum at SGD 6.50–7.00 psf, and Haw Par Centre at SGD 7.20 psf.

Chinatown & River Valley Office Rental Rates

Office asking rents across Chinatown and River Valley Road range from approximately SGD 5.80 psf to SGD 11.00 psf per month based on Office Navi Singapore’s September 2026 data.

Clarke Quay Central is asking SGD 10.00–11.00 psf, while King’s Centre is SGD 8.20–9.50 psf, UE Square SGD 8.80–9.20 psf, and Riverside Point SGD 7.50–8.50 psf.

At the lower end, CES Centre is asking SGD 5.80 psf.

CBD Fringe Office Rental Rates

In the CBD fringe, asking rents range from approximately SGD 5.50 psf to SGD 9.50 psf per month in the September 2026 guide.

Examples include Novena Square at SGD 9.50 psf, United Square at SGD 8.80 psf, Newton 200 at SGD 8.20 psf, Goldhill Plaza at SGD 5.80–6.50 psf, and Rex House at SGD 5.50 psf.

East Singapore Office Rental Rates

Office asking rents in East Singapore range from approximately SGD 6.20 psf to SGD 9.80 psf per month among buildings with published asking rents in Office Navi Singapore’s September 2026 guide.

Paya Lebar Quarter Towers 1–3 are asking SGD 9.80 psf, while SingPost Centre is SGD 8.00–9.00 psf.

In Tampines, Asia Green Tower 1 is asking SGD 6.80 psf, CPF Tampines SGD 6.50 psf, and Income@Tampines Junction SGD 6.50 psf.

West Singapore Office Rental Rates

Office asking rents in West Singapore range from approximately SGD 5.00 psf to SGD 9.50 psf per month in Office Navi Singapore’s September 2026 data.

Labrador Tower is asking SGD 9.50 psf, The Metropolis SGD 9.20 psf, and Mapletree Business City SGD 8.00–9.20 psf.

More affordable options include Vision Exchange at SGD 5.00–6.00 psf and The JTC Summit at SGD 5.30 psf.

North Singapore Office Rental Rates

Office asking rents in North Singapore range from approximately SGD 4.00 psf to SGD 7.00 psf per month among the buildings covered by Office Navi Singapore’s September 2026 guide.

Hiap Hoe Building is asking SGD 7.00 psf, while Woods Square Tower 1 ranges from SGD 4.90–6.00 psf and Woods Square Tower 2 from SGD 4.00–6.60 psf. Woods Square SOLO 1 and SOLO 2 are both asking SGD 6.00 psf.

How Much Does Grade A Office Space Cost in Singapore?

Grade A office rents in Singapore are generally at the higher end of the market, particularly for newer developments in prime CBD locations such as Raffles Place and Marina Bay.

Based on Office Navi Singapore’s September 2026 asking rental data, premium CBD office buildings are commonly asking around SGD 14.00–17.00 psf per month, although rates vary depending on the building and available unit.

For example, IOI Central Boulevard West Tower is asking SGD 15.00–17.00 psf, Asia Square Tower 1 SGD 16.00 psf, OUE Bayfront SGD 15.00–16.00 psf, Marina Bay Financial Centre (MBFC) Towers 1–3 SGD 15.00–15.50 psf, and Marina One SGD 14.00–15.00 psf.

Outside Raffles Place and Marina Bay, newer premium developments can also command similar or higher asking rents.

CapitaSky is asking SGD 13.50–15.00 psf, while Guoco Midtown is asking SGD 14.80–21.00 psf for currently available units.

Grade A rental rates can differ significantly between buildings and individual units, so businesses should consider factors such as location, building specifications, floor level, available unit size and lease terms when comparing options.

Which Areas Have More Affordable Office Rent in Singapore?

Businesses looking for more affordable office rent in Singapore can find lower asking rates in older CBD buildings, city-fringe locations and suburban business districts, while still maintaining access to major commercial areas and transport networks.

Based on Office Navi Singapore’s September 2026 asking rental data, some of the lowest asking rents are found in the North Region. Woods Square Tower 1 is asking SGD 4.90–6.00 psf per month, while Woods Square Tower 2 ranges from SGD 4.00–6.60 psf.

The West and East also provide office options below typical prime CBD rental levels. In the West, Vision Exchange is asking SGD 5.00–6.00 psf, while The JTC Summit is asking SGD 5.30 psf.

In the East, Paya Lebar Square is asking SGD 6.20–7.00 psf, while CPF Tampines and Income@Tampines Junction are both asking SGD 6.50 psf.

However, businesses do not necessarily need to leave the CBD to find lower-cost options.

For example, International Plaza in Tanjong Pagar is asking SGD 6.00–7.50 psf, while Philippine Airlines Building on Cecil Street is asking SGD 5.90–7.30 psf.

For businesses comparing locations, it is therefore useful to consider not only the district but also the building age, grade, accessibility and specifications, as rental rates can vary significantly even within the same area.

How Is Office Rent Calculated in Singapore?

Office rent in Singapore is commonly quoted on a per square foot (psf) per month basis.

To estimate the monthly office rent, multiply the size of the office by the asking rental rate per square foot.

Monthly Office Rent = Office Size (sq ft) × Rental Rate (SGD psf per month)

For example, if a 2,000 sq ft office has an asking rent of SGD 10.00 psf per month, the estimated monthly rent would be:

2,000 sq ft × SGD 10.00 psf = SGD 20,000 per month

This calculation provides a useful starting point when comparing office options. However, businesses should also check whether other costs, such as GST, service charges and other occupancy-related expenses, are included in or payable on top of the quoted rental rate.

Related Resource: How Much Does It Cost to Rent a Conventional Office in Singapore? (2026 Guide)

(https://www.office-navi.com.sg/news/16996/)

Is the Asking Rent the Final Office Rental Price?

No. The asking rent shown in an office listing or rental guide represents the landlord’s current asking rate and is not necessarily the final rental rate agreed in the lease.

The final office rental rate may vary depending on factors such as the specific unit, lease term, tenant profile, current availability and negotiations with the landlord.

Other commercial terms, such as rent-free periods, fitting-out periods and lease commencement dates, may also affect the overall cost of the lease.

For this reason, businesses should consider the overall lease package, rather than comparing office options based only on the advertised PSF rate.

The rental figures in this guide represent asking rents as of September 2026 and should be used as a market reference.

Actual availability, asking rents and final negotiated terms may change.

Frequently Asked Questions About Office Rent in Singapore

How much is office rent in Singapore in 2026?

Based on Office Navi Singapore’s September 2026 asking rental data, conventional office rents range from approximately SGD 4.00 psf per month in selected suburban buildings to SGD 15–17+ psf per month for premium CBD offices.

Rental rates vary depending on the location, building and available unit.

How much is office rent in Singapore CBD?

Office rents in Singapore’s CBD vary significantly by building. In Raffles Place and Marina Bay, asking rents in Office Navi Singapore’s September 2026 data range from approximately SGD 7.00 to SGD 17.00 psf per month, while premium developments such as IOI Central Boulevard West Tower are asking SGD 15.00–17.00 psf.

How much does Grade A office space cost in Singapore?

Based on Office Navi Singapore’s September 2026 data, premium CBD office buildings commonly have asking rents of around SGD 14.00–17.00 psf per month, although rates vary by building and available unit.

Certain premium units may command higher asking rents.

What does PSF mean in Singapore office rental?

PSF means “per square foot.” Office rental rates in Singapore are commonly quoted as a monthly rental amount for each square foot of office space.

For example, a 2,000 sq ft office at SGD 10.00 psf would have an estimated monthly rent of SGD 20,000, before any additional applicable costs.

Is office rent cheaper outside Singapore CBD?

Office rents can be lower outside the CBD.

For example, Office Navi Singapore’s September 2026 data shows Woods Square Tower 2 at SGD 4.00–6.60 psf, Vision Exchange at SGD 5.00–6.00 psf, and Paya Lebar Square at SGD 6.20–7.00 psf.

However, rental rates depend on the individual building, and lower-priced options can also be found in older CBD properties.

Are office rental rates in Singapore negotiable?

The advertised asking rent is not necessarily the final rental rate agreed in the lease.

Depending on the property, unit, lease term and negotiations, the final rental rate and other commercial terms may differ from the initial asking terms.

How often do office rental rates in Singapore change?

Office asking rents can change as availability and market conditions change.

The rental rates in this guide are based on Office Navi Singapore’s September 2026 asking rental data and should be treated as a market reference rather than guaranteed rental rates.

Looking for an Office in Singapore?

Whether you are comparing office rental rates, planning an upcoming relocation, or simply exploring what your budget can get you, Office Navi Singapore can help you find suitable office options across Singapore.

With access to 1,500+ office listings, our team can provide:

• Office recommendations based on your budget, location and team size
• Current asking rents and market insights
• Viewing arrangements and coordination
• Support with rental and commercial term negotiations
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Our office search support is provided at no cost to tenants.

Tell us your requirements and we’ll prepare a tailored office proposal for your business.

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From your first office to your next stage of growth, we’re here to support your office journey every step of the way.

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Disclaimer

This guide is intended for general information only.

Office rental rates, lease terms, costs, services and availability may vary depending on the building, serviced office operator, landlord, market conditions and individual negotiations.

Businesses should review the specific commercial terms and agreements carefully before making an office leasing decision.