The bustling city of Singapore is ranked ninth with an occupancy cost of $139.31.
The office leasing market continued to be on a high with expansions and relocations.
The prime rents averaged at $16 per square feet per month, an increase of 6.7 per cent quarter-on quarter. The market saw an increase of IT firms, banks and financial institutions.
Image: The 165 meter high Singapore flyer stands against the high rise buildings in Singapore. Singapore flyer, the world's largest observation wheel which offers breathtaking, panoramic view of the city state and neighbouring countries | Photograph: Roslan Rahman/AFP/Getty Images
Also read:
How to beat inflation. 3 investment tips