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Office rents tipped to recover in 2018

  After a tough patch, prime office rents could find respite in 2018, likely boosted by tighter supply of new buildings and still-healthy leasing demand, said consultancy Cushman & Wakefield yesterday. It is forecasting a 3 per cent overall rental growth for Grade A office space in the Central Business District by the end of next year. Rents of such office space has declined by about 20 per cent since a peak in the first quarter of 2015. “We do expect a lot of the leasing to happen. So thereRead More