Office for Sale
Office for sale. When it comes to investing in commercial property, many people would look at office space as an ideal investment. This is because the occupancy rates of office spaces are usually better than most other commercial properties. This is especially in the central business district where most businesses are located.
Most office buildings in Singapore are owned by big developers or REITS, especially those in the CBD area. In the past, retail investors usually don’t have the opportunity to find a CBD office for sale.
Demand of Office for Sale
However, in recent years, more strata title office buildings are built in the city and the city fringe. This is due to more en-bloc sales and owners refurbishing old buildings and selling them. This gives investors more opportunity to invest in this potential sector. Buildings like Suntec City, GB Building, and Prudential Towers have really good quality office space for sale.
Even so, the supply for strata title office are still short. Companies looking to rent small size good quality office are often left out. So strata office in the city is always in demand. Hence making investing in a strata office very attractive.
Investors looking for bigger floor plate office also have choices. Some older buildings in the CBD also saw owners selling the whole floor plate. Although usually these older buildings only have smaller spaces for sale.
Besides the CBD area, there are also many strata offices available for sale outside the CBD. As more businesses move out of the city and connectivity improve. More and more commercial buildings are available for sale outside the CBD too. Especially area near the MRT stations. Therefore the demand for such office space also increases.
If you are looking for more office for sale, contact us for more details now.