Singapore is one of Asia's fastest-growing business spots. Lots of global companies, growing startups, and investors set up shop here, so demand for commercial office space Singapore keeps rising.
The city's strong economy and excellent infrastructure make it an awesome place for all businesses, from small to large. What's cool about Singapore is the range of office choices.
You can find super fancy Grade A spots in Marina Bay, office buildings in the CBD, or adaptable workspaces in Paya Lebar and other areas outside the center. There's something that will work no matter how big your team is or what you can spend.
This guide covers everything you should know before renting an office. We want to help you feel sure about picking the right workspace.
Overview of Singapore’s Commercial Office Market
The demand for commercial office space in Singapore is rising
The commercial office space Singapore keeps growing every year thanks to strong demand from global companies, regional headquarters, and fast-rising startups.
Many businesses choose Singapore because it offers stability, great infrastructure, and easy access to the Asia-Pacific market. In the past few years, flexible workspaces have expanded rapidly.
More teams prefer short-term leases, move-in-ready offices, and shared workspaces that can scale quickly. This trend has made serviced offices and coworking spaces more popular than ever.
Key districts also shape Singapore's office market. The Central Business District (CBD) remains the heart of finance and corporate activity.
Marina Bay offers premium Grade A buildings with world-class facilities. Orchard brings a mix of business and lifestyle. Bugis and Paya Lebar provide more affordable options with excellent transport links. One-North stands out as a hub for tech, biotech, and innovation companies.
Types of Commercial Office Spaces in Singapore
There are many types of commercial office space Singapore, and each one fits different business needs. Understanding the options helps you choose the right setup for your team, budget, and work style.
▶ Traditional Office Lease
This is the classic choice for large companies. It comes with long-term contracts, typically 2 to 5 years. Businesses get full control over their layout and branding. However, the setup cost can be high, and the long commitment may not suit fast-changing teams.
▶ Serviced Office
A serviced office is move-in ready. It comes fully furnished, with utilities, cleaning, and internet included. This option is great for small to mid-sized teams that want a private space without high upfront costs.
The downside is that monthly rental rates can be higher because they include many services.
▶ Coworking Space
Coworking spaces are flexible and affordable. They are perfect for startups, freelancers, and small teams. You get shared amenities like meeting rooms, lounges, and community events.
The main trade-off is limited privacy compared to a private office. However, the lively environment is great for networking.
▶ Virtual Office
A virtual office provides your business with a legal address and mail-handling services, without requiring a physical workspace.
It’s ideal for new businesses, home-based companies, or solo entrepreneurs who want a professional image while keeping costs low.
Average Rental Prices
Office rental prices in Singapore vary widely by area & building type
Office rental prices in Singapore vary widely by area and building type. The Central Business District (CBD) and Marina Bay are the most expensive areas. Prices here often range from SGD 10 to 18 per sq ft.
If you want something more affordable, fringe areas are a good choice. Bugis and Paya Lebar offer office spaces at SGD 6 to 9 per sq ft. These districts are growing fast and have modern buildings, great food options, and easy MRT access.
Factors Affecting Commercial Office Space Rental Prices in Singapore
Several factors affect the final rental cost. Location is the biggest one. Office spaces near MRT stations or in well-known business districts tend to cost more. Building grade also matters. Premium buildings with modern designs and advanced security usually have higher prices.
Lease terms can influence your budget. Short-term and flexible leases often come with higher monthly rates. Long-term contracts are cheaper but require commitment.
Services included in the rental also affect cost. Offices with utilities, internet, cleaning, and access to meeting rooms included may cost more, but they reduce setup time and extra fees.
Top Locations for Renting Commercial Offices in Singapore
Raffles Place is one of Singapore’s oldest financial districts
Singapore offers many strong business districts, each with its own style and advantages. Below is a closer look at 5 of the most strategic locations for renting commercial office space.
- Marina Bay – Premium Financial Hub
Marina Bay is home to some of the most iconic Grade A buildings in Singapore. Many global banks, investment firms, and multinational companies choose this district for its prestige. Offices here offer modern layouts, cutting-edge facilities, and amazing waterfront views.
- Raffles Place – Heart of Business and Finance
Raffles Place is one of Singapore’s oldest and most established financial districts. This area is perfect for finance, legal, and professional service firms. With direct MRT access and many dining options, it is a convenient and efficient location for daily operations.
- Orchard Road – Vibrant and Central
Orchard Road is known worldwide for shopping, but it also offers excellent commercial office spaces. Companies love this district because of its central location and lifestyle-focused environment.
Your team can enjoy quick access to malls, cafés, and hotels. It is a great fit for creative agencies, retail brands, and international businesses that rely on client meetings.
- Bugis/Paya Lebar – Affordable and Well-Connected
Bugis and Paya Lebar are strong alternatives for businesses looking for reasonable rental rates without sacrificing convenience. Both areas offer modern buildings, direct MRT lines, and a growing mix of retail and F&B.
The vibe is youthful and energetic, making them suitable for startups, SMEs, and fast-growing teams.
- One-North – Innovation and Tech District
One-North is Singapore’s hub for technology, research, and innovation. Many tech startups, biotech firms, and R&D companies are based here. The district offers flexible workspaces, modern labs, and a collaborative community.
Its relaxed campus-style layout also makes it a refreshing workplace for teams who value creativity and experimentation.
Key Amenities and Features to Look For
The right amenities in the workspace can improve your work experience
When choosing a commercial office space in Singapore, it’s important to look beyond the location and rental price. The right amenities can improve productivity, enhance the work experience, and support your team’s daily needs.
Below are some essential features to check before signing your lease.
Building Amenities
- High-speed and secure Wi-Fi
- On-site or nearby parking
- 24/7 security and surveillance
- Nearby ATMs and banks
- Proximity to MRT stations, cafés, and restaurants
- Reception services
- Pantry and meeting rooms
Room Features
- Air conditioning with open, naturally lit layouts
- Comfortable furniture
- TV screen or projector setup
How to Choose the Right Office Space for Your Business
Choosing the right commercial office space in Singapore can shape how your team works and how your business grows. To make the process easier, consider the factors that matter most to your operations.
▶ Define your budget and team size
Your budget affects the type of office you can rent and the locations available to you. At the same time, understanding your team size helps you choose a space that feels neither too cramped nor too empty.
▶ Choose a location that fits your industry
Different industries thrive in various districts. Financial firms often prefer Marina Bay or Raffles Place. Tech companies gravitate toward One-North. Retail and creative brands may benefit from Bugis or Paya Lebar.
Picking the right district helps your business stay connected to clients, suppliers, and talent.
▶ Prioritize modern amenities and flexible lease options
Facilities like strong Wi-Fi, meeting rooms, and 24/7 access make daily operations smoother. Flexible leases are also useful, especially for startups and growing teams. They give you room to scale without long-term commitments.
▶ Explore multiple listings through FlySpaces
Comparing options is essential before making a decision. FlySpaces lets you browse commercial office space Singapore listings across different districts and price ranges.
This makes it easier to find a workspace that fits your needs, budget, and long-term goals—all in one platform.
Final Thoughts
Commercial office space Singapore continues to evolve, offering a wide range of flexible and premium options for businesses of all sizes.
Whether you’re looking for coworking spaces or fully serviced offices, FlySpaces helps you discover and compare the best commercial spaces across Singapore — all in one convenient platform.
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