The office rental cost in Singapore are not fixed but change dramatically due to the location, type of office, and amenities. Being one of the top Asian business hubs, Singapore has everything from cheap coworking spaces to high-end Grade A offices in the CBD, thus giving businesses the flexible options to combine their budget and goals.

On average, traditional office spaces in Singapore cost between SGD 6 to SGD 15 per square foot per month, with prices climbing higher for prime locations. For example:

Raffles Place / Marina Bay (CBD): SGD 10–15 psf/month for Grade A offices.
Orchard Road / City Hall: Around SGD 7–10 psf/month.
Fringe areas (Tanjong Pagar, Paya Lebar, or One-North): SGD 5–8 psf/month.

Typically, the costs for coworking spaces or offices with services are based on per-suite or per-desk rates. Small startups and remote teams will be able to anticipate the following:

Hot desks: From SGD 400–700 per month.
Dedicated desks: From SGD 800–1,200 per month.
Private serviced offices: From SGD 1,500 per month, varying by the size and amenities.

A business looking for a more affordable way to office in Singapore may go for a serviced office, which is already inclusive of utilities, furniture, and administrative support that will result in fewer setup expenses upfront. At the same time, big corporations generally opt for corporate serviced offices or long-term leases in the most attractive commercial areas to create a strong presence that lasts.

The decision of which office to take is essentially determined by the size of your company, your growth plans, and your operational needs.

If you’re looking to set up an office in Singapore or explore flexible rental options, One IBC Singapore can assist with expert guidance, serviced office solutions, and end-to-end company formation support, ensuring your business is well-positioned in one of Asia’s most dynamic markets.

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