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Average prime retail rents in all locations declined in the second quarter.
This chart from Knight Frank shows that island-wide prime retail rents fell 5.4% YoY to an average $28.90 per square-foot per month (psf pm) in Q2.
Average prime retail rents in all locations declined in the second quarter, as many retailers were unable to cope with the effects of the pandemic and exited the market, despite rental waivers granted by the respective landlords, the report said.
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About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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