Retail rents continue to decline in 1Q2023, but at a slower rate compared to past quarters
Rents for retail spaces in Singapore’s Central Region have declined for the past three years, dropping by 22.6% from 4Q2019 to 1Q2023, according to quarterly data released by URA on April 28. Prices for retail space decreased by 0.9% in the same period, recorded a y-o-y decrease of 2.3%. Leonard Tay, head of research at […]