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Office MarketBeat Report

Hena Park • 23/01/2025
Overall Grade A office vacancy in Q4 rose by 0.4 pp q-o-q to 3.5%. The CBD saw increased tenant relocation to other districts, while GBD experienced intra-district relocation or expansion. YBD was the only district with a vacancy rate decline due to successful leasing of large spaces. Rent increased 1.1% q-o-q, but the annual growth rate slowed to 3.5%, compared to 7.1% in 2022 and 5.8% in 2023.

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