The Singapore office rental market was stable in Q2 2013, since Grade A office rents only fell by an average of 0.4 percent quarter-on-quarter. This was the smallest quarterly decline since it fell consecutive quarters from Q4 2011.
Thus, there are hints that office rents are on the way to recovery by 2014. In fact, rents could potentially stabilise across the board from H2 2013, after which limited vacant space will allow landlords to renew leases or make new offers at higher rates since there might be fewer competing choices elsewhere. The economy in the U.S. might improve and if that leads to a worldwide improvement in economic conditions, MNCs may be in a better position to plan for expansions into key markets in Asia.