About Renting
Office rent is quoted per square foot per month (psf/mo). Your total monthly rent = lettable area in sq ft × rental rate. For example, a 3,000 sq ft office at $10 psf costs $30,000 per month. Most rents are quoted as "gross rent" which includes service charges.
Office rents in Singapore range from $3.50 psf/mo for basic space outside the CBD to $18+ psf/mo for ultra-premium towers like IOI Central Boulevard. Economy CBD offices start around $6 psf, mid-range at $8.50–$12.50 psf, and premium Grade A at $12.50–$16 psf. City-fringe and business park spaces typically run $6–$10 psf.
Standard lease terms are 2–3 years for smaller units (under 3,000 sq ft) and 3–5 years for larger floor plates. Some landlords offer 1-year leases for small fitted offices, but these typically come at a premium. Longer leases (5+ years) may qualify for lower rental rates.
Yes — a security deposit of 3 months' gross rent is standard. This can be paid as cash or via a banker's guarantee (issued by your bank). The deposit is refundable at the end of your lease, less any deductions for damage or unpaid rent.
A diplomatic clause allows early lease termination (usually after 12–24 months) if the company is relocated overseas or ceases Singapore operations. You need to provide 2–3 months' written notice. This is commonly negotiated for companies with regional presence or expatriate staff.
About SparkSpace
Yes — our tenant advisory service is completely free for tenants. The landlord pays our commission (typically 1 month's rent for a 2–3 year lease). There is no cost, obligation, or hidden fee to you. This is the standard practice in Singapore's commercial real estate market.
We cover every established office building in Singapore — over 187 buildings across 12 office districts, from premium CBD towers to value-driven business parks. We're not limited to specific landlords, so you see the full market.
We typically deliver an initial shortlist within 48 hours of receiving your brief. From there, viewings can be arranged within the first week. The overall timeline from search to move-in is typically 3–6 months, depending on fit-out requirements.
Absolutely. We advise tenants on renewal negotiations, helping you benchmark your current rent against market rates and negotiate the best possible renewal terms. We recommend starting renewal discussions 6–9 months before your lease expiry.
Have a question not listed here?
Get in touch — we are happy to help with any office leasing queries.
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