What factors should be considered when entering into a commercial leasing agreement?

When you enter into a commercial building leasing agreement, several factors must be considered. These include whether the permitted use of the property covers your business needs and if you’re able to alter the property for the purpose of your business. Other considerations include if the rent is fixed for the full term, as well as the options to renew or terminate.

How can businesses evaluate the suitability of a commercial property for their specific needs before entering into a lease agreement?

When leasing space, it all starts with defining your strategy, business needs and commercial objectives. Once these are in place, each potential premises can be evaluated in line with how it caters to these requirements now and in the future. Financial and logistical factors must be considered too. This is why it’s so important to collaborate with commercial leasing experts. At Cushman & Wakefield, we work with you to define your strategy and use our local and global experts to source and evaluate the right premises for your needs.

What trends or changes in the commercial real estate market should businesses be mindful of when seeking leasing advice?

When seeking commercial leasing advice, businesses need to be aware of the current market dynamics in their chosen location and across the globe, specifically how stable they are and the impact of interest rates. Technology is also a key factor – in office and retail, for example, businesses will need to evaluate whether their chosen premises can handle new technology requirements in the coming years. Other factors shaping the commercial real estate market right now include ESG considerations and the growth of prop-tech. By understanding these trends, businesses can make informed decisions, optimise their costs and seize growth opportunities.

How does the location of a commercial property impact its lease terms and overall suitability for a business?

Location plays a fundamental role in the suitability of commercial property for businesses. Take the example of a retail business: location is tied to potential success when it comes to visibility and foot traffic. It’s essential to be close to where big volumes of your customers spend their time. Being close to fast and efficient transport routes is crucial. Leasing commercial property in a desirable location will have a knock-on effect on the lease in terms of budget and length.

What advice do you have for businesses looking to lease commercial space in a competitive market?

At Cushman & Wakefield, we understand that every client’s business requirements and strategy are different. This means our approach towards each business case is highly customised. We deep dive into your organisation, listen carefully to your needs and develop a strong understanding of your objectives, long-term growth expectations, opportunities and risks. From this, we assess possible scenarios. With our knowledge of the market, we create the most effective strategy that will achieve optimal financial outcomes.

Services

Agency Leasing Services

Driving optimised leasing investments

Our Agency Leasing advisors go beyond filling spaces with tenants.

We deliver smart strategies, cutting-edge creativity and meticulous support to transform your properties into successful investments. Our agency leasing advisors go beyond filling spaces with tenants, we maximise asset awareness, stabilise occupancy and achieve optimal rents through strategic positioning and deep market knowledge of local conditions.

Successful leasing strategies stem from the shared vision of our leasing, research and creative teams working together. With Singapore's office market experiencing a flight to quality and supply constraints ahead, property owners need strategic partners who understand the nuances of tenant placement and rental optimisation.

DELIVERING RESULTS

transactions managed annually

professionals

$105

million transacted annually

412,452

sqm managed

^{*2024 Data}

What sets us apart

Optimising Lease Potential

We analyse your investment goals, optimal tenant mix, financing structure, and submarket conditions. Our team evaluates competitor positioning while identifying opportunities within a tightening supply pipeline, especially in CBD Grade A properties where vacancy pressures are easing.

In-Depth Market Awareness

Our creative specialists leverage technology and targeted engagement to maximise asset visibility. We understand current market dynamics, from tech and wealth management demand to the importance of fitted-out solutions that appeal to cost-conscious occupiers in the current environment.

Flawless Execution

Our tenant analysis and canvassing programmes incorporate real-time market trend tracking. We monitor URA data, shadow space levels, and emerging demand from key sectors to position your asset strategically within Singapore’s competitive landscape for superior tenant placement.

Support for Sustainability Goals

We support your ESG objectives through green lease structures and efficiency-driven clauses. Aligned with Singapore’s focus on BCA Green Mark certification, we help structure lease terms that meet tenant sustainability requirements and landlord environmental commitments.

Services

Integrated Services

Asset Services

Comprehensive property management solutions that increase asset value while ensuring tenant satisfaction through strategic operational improvements.

Learn more about our asset services

Project & Development

From concept to completion, we guide development projects with market intelligence and strategic positioning for optimal leasing outcomes.

Learn more about our project development

Specialisation

Industry Specialisations

Office

We leverage deep understanding of office market dynamics, from CBD Grade A positioning to decentralised locations. With supply tightening and demand emerging from wealth management and tech, we position your assets for optimal tenant attraction and retention.

Learn more about our office expertise

Industrial & Logistics

Our comprehensive understanding of logistics, manufacturing, and distribution strategies benefits the industrial sector. We connect property owners with quality industrial tenants, navigating zoning requirements and optimising lease structures for long-term stability and value.

Learn more about our industrial expertise

Retail

From Orchard Road to suburban centres, we understand the retail landscape. Our team capitalises on tourism recovery, changing consumer behaviour, and new brand entries to secure quality retail tenants and drive optimal rental growth for your assets.

Learn more about our retail expertise

Team

Jeryl Teoh

Senior Director
Singapore, Singapore

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Deyang Leong

Senior Director
Singapore, Singapore

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Research

5817 Singapore Outlook 2026 - Banners_MOBILE.jpg

Research • Economy

Singapore Market Outlook

Seeking Stability In An Uncertain World

02/07/2026

Article

Cushman & Wakefield Comments on URA private residential price index flash estimates Q1 2024

Singapore's overall private housing prices grew 1.5% qoq in Q1 2024, based on URA flash estimates, easing from 2.8% qoq growth in Q4 2023. Nonetheless, homebuying sentiments remain cautious amidst heightened price levels, cooling measures, and slowing wage growth.

Xian Yang Wong • 01/04/2024

Insights • Economy

Cushman & Wakefield Comments on URA private residential price index Q3 2023

Overall sales volume declined by 3.5% qoq in Q3 2023, reversing the past two consecutive quarters of increase. The fall in overall sales volume was driven by the new sales market, which declined by 8.5% qoq to 1,946 units in Q3 2023.

Xian Yang Wong • 27/10/2023

Insights • Economy

Cushman & Wakefield Comments on H2 2023 Government Land Sales (GLS) Programme

The Government today announced the Government Land Sales (GLS) Programme for the second half of 2023, which comprises eight Confirmed List sites and nine Reserve List sites.

Xian Yang Wong • 21/06/2023

Insights

Bringing Office Shadow Space To Light

Shadow spaces are not reflected in vacancy rates as they are still under lease and not considered vacant. With office shadow stock on the rise, we investigate if this would lead to a rental correction in the market in this paper.

15/06/2023

Insights • Investment / Capital Markets

James Young: Growing Cross-regional Investment between Asia Pacific and Europe

One of the interesting trends of the current real estate climate is that both Asia-Pacific (APAC) and Europe based investors are looking to expand their footprint into each other's markets.

James Young • 24/04/2023

Insights

Commentary On Q2 2022 URA Real Estate Statistics

New sales volumes picked up in Q2 2022 with 2,397 units transacted, 31.3% q-o-q higher than that in the preceding quarter given robust sales performances at major new launches.

Xian Yang Wong • 29/07/2022

istockphoto-2022-cardimage-Policy--Watch-SG

Insights • Investment / Capital Markets

Cushman & Wakefield's Comments On URA May 2022 Developer Sales

On the back of more launches in May, developers sold 1,356 new private homes (excluding ECs) last month – the highest monthly volumes since November 2021 when 1,547 new units were sold.

Xian Yang Wong • 15/06/2022

Research • Economy

Navigating a High Inflation Environment

This report explores the implications of high inflation for real estate, and presents key strategies for owners, investors and occupiers to forge ahead in the inflationary environment.

26/04/2022

Research

Biomedical Sciences: A Niche Asset Class with Strong Growth Prospects

This report provides an overview of Singapore’s biomedical sciences (BMS) industry and its real estate requirements with the focus on key drivers for the industry, demand, future supply and rentals of life science properties.

07/03/2022

Insights • Investment / Capital Markets

Capital Flows | Supply Chain Management

In this webinar, we have invited Kevin Lee, Head of Real Estate Solutions, APAC at DHL Supply Chain and Tim Foster, Head of Supply Chain & Logistics Advisory, APAC at Cushman & Wakefield to share their views on this burning topic.

07/03/2022

Podcast • Workplace

Podcast: Outlook’ 22 – Workplace Trends

30/01/2022

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Our comprehensive agency leasing services encompass strategic positioning, tenant sourcing and screening, lease negotiation, marketing execution, and ongoing tenant relationship management. We handle everything from initial market analysis and competitive positioning to lease documentation and post-occupancy support, ensuring optimal returns throughout the leasing lifecycle.

We leverage deep market intelligence including URA data trends, supply pipeline analysis, and tenant demand patterns to position your asset competitively. Our approach includes strategic pricing based on comparable properties, targeted marketing to quality tenant prospects, and lease structuring that appeals to Singapore’s discerning occupier base while maximising landlord returns.

Key considerations include current vacancy rates (5.8% for CBD Grade A), rental growth trends, tenant flight-to-quality preferences, and supply constraints ahead. We analyse submarket dynamics, from Marina Bay’s premium positioning to Raffles Place opportunities, while considering tenant preferences for fitted-out solutions and sustainability features aligned with green building initiatives.

Our strategic approach focuses on tenant diversification, lease term optimisation, and proactive renewal management to ensure stable cash flows. We analyse tenant creditworthiness, structure escalation clauses appropriate for local market conditions, and implement retention strategies that minimise vacancy periods while supporting rental growth over time.

Green leasing incorporates sustainability clauses that align with Singapore’s BCA Green Mark standards and environmental objectives. These lease structures include energy efficiency targets, waste reduction commitments, and sustainable operation practices. We help landlords structure green lease terms that attract environmentally conscious tenants while supporting ESG goals and potentially commanding premium rents for certified sustainable buildings.

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Agency Leasing Services

Our Agency Leasing advisors go beyond filling spaces with tenants.

DELIVERING RESULTS

What sets us apart

Optimising Lease Potential

In-Depth Market Awareness

Flawless Execution

Support for Sustainability Goals

Services

Integrated Services

Asset Services

Project & Development

Specialisation

Industry Specialisations

Office

Industrial & Logistics

Retail

Team

Research

Research • Economy

Article

Insights • Economy

Insights • Economy

Insights

Insights • Investment / Capital Markets

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Insights • Investment / Capital Markets

Research • Economy

Research

Insights • Investment / Capital Markets

Podcast • Workplace

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What services are included in agency leasing for commercial properties in Singapore?

How can a leasing agent help position assets to attract quality tenants in Singapore's market?

What factors should landlords consider when leasing office space in Singapore's CBD?

How can agency leasing support portfolio growth and long-term income stability?

What is green leasing and how can it enhance sustainability outcomes for landlords in Singapore?

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