How much does it cost to rent an office in Singapore? As at June 2026, asking rents across the buildings we track range from around S$2.50 per square foot per month for city-fringe industrial-office space to S$23 psf at the newest Grade A towers in the Beach Road–Midtown corridor. Most tenants will land somewhere between those extremes: a typical Grade A CBD office asks S$12–15 psf, a city-fringe Grade A hub like Paya Lebar asks S$8–10 psf, and business parks ask S$4–6.50 psf.
Headline averages hide more than they reveal, though. The real question is not "what is the average office rent in Singapore" but "what does the district I'm considering actually cost — and what do I get at that price". This guide breaks down 2026 asking rents district by district, using live asking-rent data from the 272 buildings listed on SparkSpace, so you can benchmark any quote a landlord or agent puts in front of you.
How Are Office Rents Quoted in Singapore?
Before the numbers, three conventions worth knowing. First, Singapore office rents are quoted in dollars per square foot per month (psf/mth), almost always on the gross floor area you lease — so a 3,000 sq ft unit at $10 psf costs S$30,000 a month before GST. Second, the figures landlords advertise are asking rents. Transacted rents are routinely negotiated below asking, especially for longer leases, larger floors, or buildings carrying vacancy. Third, quoted rents are usually gross of service charge but exclusive of GST — more on the add-ons later in this guide.
The psf headline is where the conversation starts, not where it ends. I have closed deals meaningfully below asking in buildings tenants assumed were out of budget. Knowing which landlords are carrying vacancy — and which towers have a wave of renewals coming — matters more than the number on the brochure.
— Jeremy Lim, Founder & Director, SparkSpace Singapore
Singapore Office Rental Costs by District: The 2026 Table
The table below summarises asking-rent ranges by district, drawn from SparkSpace's live listings database in June 2026. Ranges are wide by design — they span the oldest Grade B stock to the newest premium towers in each district, which is exactly the spread you will encounter when shortlisting.
| District | Profile | Asking Rent (S$ psf/mth) | Landmark Buildings |
|---|---|---|---|
| Marina Bay / Downtown | Premium Grade A financial core | $13.00 – $18.50 | IOI Central Boulevard West Tower, Asia Square Tower 1, Marina Bay Financial Centre T1 |
| Raffles Place | Traditional CBD core, new and refurbished Grade A plus value Grade B | $6.30 – $15.50 | CapitaSpring, OUE Bayfront, 6 Battery Road |
| Tanjong Pagar / Robinson Road | Widest spread in the CBD — heritage shophouse-adjacent Grade B to new Grade A | $2.90 – $15.50 | Guoco Tower, CapitaSky, Frasers Tower |
| City Hall / Beach Road | New-supply premium at Midtown; established Grade A around Raffles City | $5.00 – $23.00 | Guoco Midtown, South Beach Tower, Raffles City Tower |
| Marina Centre (Suntec belt) | Convention-district Grade A | $9.00 – $16.00 | Centennial Tower, Millenia Tower, Suntec Tower 2 |
| Orchard / Dhoby Ghaut | Prime retail-belt offices, strong amenity | $5.00 – $13.50 | Wheelock Place, Ngee Ann City Tower B, Wisma Atria |
| Chinatown / River Valley | Boutique and mixed-use offices on the CBD edge | $5.00 – $10.00 | The Central, Great World City |
| Newton / Novena | Medical-cluster and city-fringe offices | $5.00 – $9.50 | Novena Square, Goldbell Towers, United Square |
| Paya Lebar | Decentralised Grade A hub, east | $5.50 – $10.00 | Paya Lebar Quarter Tower 1, Paya Lebar Green, SingPost Centre |
| Alexandra / HarbourFront | Value city-fringe corridor, southwest | $4.50 – $9.00 | mTower, Keppel Bay Tower, Alexandra Point |
| one-north / Science Park | Business parks for R&D, tech and media (qualifying use applies) | $3.80 – $9.20 | ECLIPSE, Nucleos, Nexus @ One-North |
| Changi Business Park | Business park, east — banks' back offices and tech | $3.80 – $6.50 | ONE @ Changi City, Hansapoint |
| Jurong East | Western regional centre | $5.00 – $8.50 | Westgate Tower, JEM @ Jurong Gateway, Vision Exchange |
How to read this table: figures are asking rents from live SparkSpace listings as at June 2026, quoted per square foot per month. They are indicative, move with the market, and are negotiable — treat them as a benchmarking range, not a fixed price list. For current availability in any building, WhatsApp us for same-day numbers.
What Do CBD Core Offices Cost? Raffles Place, Marina Bay & Tanjong Pagar
The CBD core is really three markets wearing one postcode. Marina Bay / Downtown is the premium tier: the Marina Bay Financial Centre towers ask around $14.50 psf, Asia Square Tower 1 and Asia Square Tower 2 ask $14.00–15.50, and the newest entrant, IOI Central Boulevard West Tower, stretches to $18.50 psf for high-zone floors. If your firm needs a bulge-bracket address with large, efficient floor plates, budget $14–18 psf.
Raffles Place offers more texture. CapitaSpring and OUE Bayfront sit at the top around $15–15.50 psf, refurbished classics like 6 Battery Road ask $13.50–14.50, while older towers a street back from the river ask single digits — we list Grade B space in Raffles Place from $6.30 psf. That spread is the district's quiet advantage: a Raffles Place MRT address does not have to cost Marina Bay money. For a deeper comparison of these two micro-markets, see our guide to Raffles Place vs Marina Bay.
Tanjong Pagar and the Robinson Road corridor have the widest range in the entire CBD: $2.90 to $15.50 psf across the 60 buildings we track there. Guoco Tower anchors the top at $14.00–14.50, with CapitaSky reaching $15.50 and Frasers Tower at $12.50–13.50. But the same district hides genuine value plays — characterful mid-rise stock along Anson Road and Cecil Street, like Twenty Anson, asks $11.50–13.00, and older buildings dip well below $8 psf. Median asking across the district is roughly $8.70 psf, the lowest of the three CBD core zones.
How Much Are Offices in City Hall, Beach Road & Orchard?
The City Hall / Beach Road corridor contains both the highest asking rent in our database and some of the best mid-market value in town. Guoco Midtown asks $21–23 psf — new-supply premium pricing that reflects its spec and scarcity. A short walk away, South Beach Tower asks $13.50–14.00, Raffles City Tower $10.50–13.50, and solid Grade A around Bugis such as Duo Tower asks $12.50. Drop to well-located Grade B on Beach Road and you are in single digits.
Around Marina Centre, the Suntec towers ask $10.50–12.80 psf, with Centennial Tower and Millenia Tower commanding $12–16 psf for tenants who want Promenade-side prestige with integrated retail and convention facilities.
Orchard / Dhoby Ghaut remains the choice for consumer brands, family offices and firms whose clients expect a retail-belt address. Wheelock Place tops the district at $13.50 psf; Ngee Ann City Tower B and Wisma Atria ask around $12 psf; and newer creative-leaning options like Lazada One ask $11 psf. Orchard's range starts near $5 psf in older stock, making the district more accessible than its reputation suggests.
City-Fringe Rents: Paya Lebar, Novena, Alexandra & HarbourFront
Decentralised Grade A is where the cost-quality trade-off gets interesting. In Paya Lebar, Paya Lebar Quarter Tower 1 and its sister towers ask $9.50–9.80 psf — roughly 35% below comparable CBD Grade A — with direct access to two MRT lines. SingPost Centre asks $7.50 psf, and Grade B+ options like Paya Lebar Square start from $5.50. We covered the district in detail in our Paya Lebar Quarter guide.
Newton / Novena suits healthcare-adjacent firms and professional services: Novena Square and Goldbell Towers ask $7.50–9.50 psf, with Grade B at Goldhill Plaza from $5 psf. In the southwest, the Alexandra / HarbourFront corridor offers mTower at $9 psf, Keppel Bay Tower and Harbourfront Tower 1 at $7.50–8.50, and Alexandra Point at $6.50–7.50 — waterfront views included, CBD premium excluded.
Business Parks & Decentralised Hubs: one-north, Changi, Jurong
Business parks are Singapore's lowest-cost conventional office option, with one caveat: URA zoning restricts them to qualifying uses (typically R&D, tech, media and similar knowledge-economy activities), so a pure sales office may not qualify.
- one-north / Buona Vista ($3.80–$9.20 psf): ECLIPSE and Nucleos ask $6.50–8.00 for near-Grade-A business park spec; Nexus @ One-North asks $6.00–7.00; media and soho-style lofts at Infinite Studios and Galaxis Work Lofts start around $5.50.
- Changi Business Park ($3.80–$6.50 psf): ONE @ Changi City tops the park at $5.50–6.50; standard stock asks around $4–5. Long favoured by banks' technology and operations teams.
- Jurong East ($5.00–$8.50 psf): proper commercial-zoned offices rather than business park — Westgate Tower asks $7.50–8.50, JEM @ Jurong Gateway $6.20, and Vision Exchange from $5.00 — making it the value pick for firms serving the west.
Why Do Rents Vary So Much Within the Same District?
A $2.90–$15.50 spread inside one district looks odd until you see what drives pricing building by building:
- Grade and age. A 2020s Grade A tower with destination lobbies, end-of-trip facilities and Green Mark Platinum certification prices $4–8 psf above a 1990s Grade B neighbour on the same street.
- Floor and view. High-zone floors with sea or Marina views carry a premium over low-zone floors in the identical building — IOI Central Boulevard West Tower's $14.80–18.50 range is mostly a floor-zone story.
- Fitted vs bare. A fitted unit with reusable partitions, pantry and cabling can justify $1–2 psf above bare shell once you account for fit-out savings — see our fit-out cost guide for what you would otherwise spend.
- MRT proximity. Buildings within a three-minute sheltered walk of an interchange station consistently out-price the same grade five streets away.
- Landlord position. A tower at 98% occupancy negotiates very differently from one absorbing a major tenant's exit. This never appears on a brochure — it is where a well-connected agent earns their keep.
What Other Costs Sit on Top of the PSF Rent?
The psf figure is the anchor, not the total. Budget additionally for GST at 9% on rent, a security deposit of typically three months' gross rent, stamp duty on the lease, fit-out (anywhere from S$60 to S$200+ psf depending on spec), and in some buildings separately-billed air-conditioning charges for after-hours usage. We have broken down every line item — with worked examples — in our complete guide to office leasing costs in Singapore.
And remember: asking is not transacted. Rental escalations, rent-free periods and reinstatement obligations are all negotiable levers — our guide on how to negotiate office rent in Singapore covers the playbook.
How to Use These Numbers
Start from your budget per head, not the psf. At roughly 80–100 sq ft per employee, a 20-person firm needs about 1,600–2,000 sq ft — which means the difference between Paya Lebar at $9.80 psf and Marina Bay at $14.50 psf is around S$8,000–9,500 a month. Whether that delta buys you anything your clients or hires actually value is the real leasing decision. Use our space calculator to size your requirement, then benchmark the districts above against it.
Every building named in this article links to its full SparkSpace profile — floor plates, amenities, connectivity and current asking rents. Or browse the full building directory by district and grade.
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Sources: SparkSpace listings database — asking rents across 272 tracked buildings as at June 2026. All figures are indicative asking rates in S$ per sq ft per month, subject to change and negotiation; contact us at hello@sparkspace.com.sg for current availability.