Prime retail rents to see further recovery in 2023, with Orchard Road leading the way
The retail market in Singapore regained momentum in the second half of 2022, with social distancing measures easing and borders reopening. According to Knight Frank’s research data, average prime rents for retail spaces throughout the island rose 1.7% quarter on quarter in the fourth quarter of 2022, achieving an annual growth of 2.6%. The leading […]