Colliers Flash 2019: City Fringe Gems

Rising rents in the CBD is seeing a rising appeal of city fringe business hubs for business occupiers

Rising rents and tight vacancy within Singapore's central business district (CBD) have resulted in a 'flight-to-value' response, where business occupiers are increasingly decentralising from the CBD.

We believe city fringe business spaces offer value, among other merits, for cost-conscious occupiers. Rents of city fringe Grade A offices are currently 22% lower than that of the CBD, with good existing infrastructure and potential enhancement to office amenities.

As the city fringe becomes the second CBD, Colliers evaluates city fringe business locations. Download this Flash report to find out the top commercial precincts outside of CBD, and their growth potential.

City Fringe Gems

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Rick Thomas

Managing Director | Asia

Emerging Markets

Singapore

+65 6531 8592

+65 8518 3227

As Managing Director of Emerging Markets, I am responsible for expanding Colliers’ client base and identifying new business and opportunities for cross-border collaboration in partnership with the Managing Directors of our emerging markets businesses. Our emerging markets portfolio includes operations in Indonesia, Korea, Philippines, Taiwan, Thailand and Vietnam.

Based in Singapore, I have over 22 years of experience in the commercial real estate industry.

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Bastiaan VB

Managing Director | Singapore

MD's Office | Singapore

Singapore

+65 6531 8630

+65 9163 0494

Bastiaan is the Managing Director for Colliers in Singapore. His responsibilities include the strategic direction of the Singapore office, to lead the growth and diversification initiatives, ensure superior service delivery and develop market leading teams. He oversees all business lines including Capital Markets, Investment Sales, Occupier Services, Valuations & Advisory, Industrial Services, Hotel Advisory, Research, as well as Marketing & Communications and the Human Resources and Finance Teams.

Pertinent to this assignment Bastiaan was the Head of Occupier Services in Singapore and has led complex transaction projects for diverse global multinationals and investors throughout the entire Asia-Pacific region.

In Asia - Pacific, Bastiaan lived and worked in; Singapore, Hong Kong, South Korea, Malaysia and Australia.

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