Why business space decisions are getting harder (and what to do about it)

The short version

More variables move faster: rates, incentives, space utilization, lease terms, and landlord behavior.

A practical approach

• Start with constraints (budget, location, headcount volatility)
• Build 2–3 scenarios
• Negotiate flexibility explicitly (break options, expansion rights)

SG context

Singapore’s commercial property market has seen increased activity in the Business Park zones, with JTC reporting higher occupancy rates in key precincts. URA’s latest data indicates growing demand for flexible workspace solutions, particularly in the One-North and Changi Business Park areas.

Companies are advised to factor in the upcoming changes to the Planning Act (Outdoor Advertising) when considering signage requirements for their chosen space.

References

1. URA Real Estate Statistics 2025
2. JTC Industrial Space Statistics
3. Enterprise Singapore - Business Space Guide

• Urban Redevelopment Authority (URA) – planning & land use resources
• Singapore Business Federation / Enterprise Singapore – business capability and advisory resources