Newmark Report: Resilient Singapore Office Demand Backed by Steady Economic Growth - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # Newmark Report: Resilient Singapore Office Demand Backed by Steady Economic Growth ##### Up next ![DeriW: Prioritizing Security in the Next-Gen On-Chain Perp DEX Experience](https://i0.wp.com/r2.thailandbusinessnews.net/2025/03/CoinW_Logo.jpg?resize=200%2C110&ssl=1 "DeriW: Prioritizing Security in the Next-Gen On-Chain Perp DEX Experience") [](https://thailandbusinessnews.net/press-release/deriw-prioritizing-security-in-the-next-gen-on-chain-perp-dex-experience/) ###### [DeriW: Prioritizing Security in the Next-Gen On-Chain Perp DEX Experience](https://thailandbusinessnews.net/press-release/deriw-prioritizing-security-in-the-next-gen-on-chain-perp-dex-experience/) Published on 07 March 2025 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) SINGAPORE, March 7, 2025 /PRNewswire/ — Newmark has released a study, led by its Valuation & Advisory and Leasing & Brokerage teams, on the Singapore office leasing market. The report considers broader economic factors and ongoing trends among occupiers, projecting a positive year ahead for office leasing activity and continued moderate rental growth amid limited supply and stable economic growth on the island in 2025. [![Newmark Group, Inc.](https://mma.prnasia.com/media2/1057994/Newmark_Group_Logo_v1.jpg?p=medium600 "Newmark Group, Inc.")](https://mma.prnasia.com/media2/1057994/Newmark_Group_Logo_v1.jpg?p=medium600) Newmark Group, Inc. "Increasing office-using employment and declining office supply should help to better balance the market’s supply and demand over the next 12 months, supported by steady economic growth and export growth," said [Chris Carver](https://c212.net/c/link/?t=0&l=en&o=4377895-1&h=1543499387&u=https%3A%2F%2Fwww.nmrk.com%2Fpeople%2Fchris-carver&a=Chris+Carver), MRICS, MSISV, AAPI, Executive Managing Director and Head of Asia-Pacific Valuation & Advisory. "With a limited development pipeline and sustained need for high-quality office space, we anticipate that rental growth will remain positive in 2025 and occupiers will continue to focus on workplace efficiency and employee experience, driving interest for prime spaces." Among the key 2024 takeaways: Office vacancy rose slightly to 9.4% in 2024, largely attributable to the addition of the 1.25-million-square-foot IOI Central Boulevard Towers to the office supplyi. Singapore’s CBD Grade A office rents grew approximately 2% in 2024 and are projected to increase at a moderate pace of around 2% in 2025. This growth is attributed to the limited supply of new office space in the CBD and sustained demand for premium office spacesii. Flight to Quality remains a key driver of office relocations, as businesses prioritize talent acquisition and retention. Service sectors, such as information and communications, financial and professional services, all grew in 2024 and are projected for further growth in 2025, which should in turn drive additional office demandiii. Read the full report [here](https://c212.net/c/link/?t=0&l=en&o=4377895-1&h=3936382549&u=https%3A%2F%2Femail.nmrk.com%2Fcollect%2Fclick.aspx%3Fu%3DcUpheXI1MFh1WHI1citnZmN1M1BROUhaaDg5Vzdyc2VGNk1ZMHBVZTNwK25nbm1kQVZmanZHb1VzMEc4U05XY0xiSlhEenlHQWpkY1dTSGJ0ek5XR1dQYjVieUxydmYyeGRONFpuN3hrNnV3WlkzbGFEY1o5b3d4TXhVQUxwaldxMXdVeTRvRy9CZkxnaFc3UXVrdGIrZ29qMUYvd3UwRnhHRVQxN1hIbVNDZzZ5bVRSWnR5WkVpZ3J4UWpBREtaRUNIRVg3c1NzVDNRZysrdVM5aURybnZOdFIyemN1UDByUVVLSkFPVmVGTHdvcE5URVdnWTNieXd5a3RjM1F1R1psZXdQSVladTRsMHQzRGVZeXA2STV5dG9iTkI1Yjgxa3pNZGo0cVcyWGVscVR4NlB2clhDVk1tUFdBd1dzQ0o%3D%26rh%3Dff022e0323c4d7bd03a861190040b11d21c9a04b&a=here) and visit [https://www.nmrk.com/insights](https://c212.net/c/link/?t=0&l=en&o=4377895-1&h=3497424184&u=https%3A%2F%2Femail.nmrk.com%2Fcollect%2Fclick.aspx%3Fu%3DcUpheXI1MFh1WHI1citnZmN1M1BROUhaaDg5Vzdyc2VGNk1ZMHBVZTNwK25nbm1kQVZmanZHb1VzMEc4U05XY0xiSlhEenlHQWpkZUFlc1BtNCtwSGc9PQ%3D%3D%26rh%3Dff022e0323c4d7bd03a861190040b11d21c9a04b&a=https%3A%2F%2Fwww.nmrk.com%2Finsights) to explore more Newmark Thought Leadership. About NewmarkNewmark 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, 2024, Newmark generated revenues of over $2.7 billion. As of December 31, 2024, Newmark and our business partners together operated from approximately 170 offices with more than 8,000 professionals across four continents. To learn more, visit [nmrk.com](https://c212.net/c/link/?t=0&l=en&o=4377895-1&h=3208669335&u=https%3A%2F%2Fwww.nmrk.com%2F&a=nmrk.com) or follow [@newmark](https://c212.net/c/link/?t=0&l=en&o=4377895-1&h=3878553068&u=https%3A%2F%2Ftwitter.com%2Fnewmark&a=%40newmark). Discussion of Forward-Looking Statements about NewmarkStatements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K. i Source: URA (Private Sector only) & Newmark Researchii Source: URA & Newmark Researchiii Source: Ministry of Manpower (MOM) [Source link ](https://www.prnasia.com/story/archive/4635579_AE35579_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network ``` ##### You May Also Like [](https://thailandbusinessnews.net/press-release/xinran-group-expands-integrated-energy-equipment-solutions-across-global-markets/) ## Xinran Group Expands Integrated Energy Equipment Solutions Across Global Markets NEW YORK and HOUSTON, Aug. 11, 2026 /PRNewswire/ — Xinran Group has been… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - August 11, 2026 [](https://thailandbusinessnews.net/press-release/anbogen-therapeutics-to-present-dual-breakthroughs-for-imofinostat-abt-301-at-aacr-2026-addressing-immunotherapy-barriers-in-crc-and-chemo-resistance-in-pancreatic-cancer/) ## AnBogen Therapeutics to Present Dual Breakthroughs for Imofinostat (ABT-301) at AACR 2026: Addressing Immunotherapy Barriers in CRC and Chemo-resistance in Pancreatic Cancer TAIPEI, April 13, 2026 /PRNewswire/ — AnBogen Therapeutics, a clinical-stage biotechnology company… - 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