Renting Of Commercial Space

There are many ways that you can go about in order to search for a commercial space in Singapore for rental purposes, including assigning commercial property agents, assigning property firms such as Jones Lang LaSalle and CBRE or by searching online at websites such as CommercialGuru. The type of usage of the commercial space will ultimately influence the location.

If you are a big multinational corporation (MNC) with a diverse and geographically dispersed real estate portfolio, it is critical for you to have accurate, up-to-date portfolio information for strategic planning and mitigate the risks and cost of missing a critical lease date. Therefore, you need to assign property firms like Jones Lang LaSalle and CBRE to look out for a commercial space for you to lease from as they offer you a comprehensive lease administration and auditing solution that facilitates quicker decision making and reduces risk.  Increasingly, MNCs who are committed to green initiatives as part of their corporate branding, will look into green buildings as part of their selection criteria. Such property firms are also able to secure green commercial spaces for you as they have the expertise in sourcing and negotiating for such commercial spaces.

MNCs and small to medium enterprises (SMEs), can also rent out from government agencies such as the JTC Corp. JTC’s comprehensive product range runs the gamut from no-frills standard factories, quick start-up units to land for companies in the various industry clusters, from aerospace to marine, cleantec, biomedical, chemicals, electronics, infocomm, media and logistics industries. In recent years, they have also developed one-north – a 200-ha hub to support high-growth new economy clusters like biomedical science. You can choose from the different product sectors such as industrial land, business park land, flatted factories, standard factories, start-up/technoprenuer centre, iPark, workshop and office space. JTC Corp has also developed specialised parks for specific industry clusters, such as the Jurong Island chemicals hub, wafer fabrication parks, advanced display park, two biomedical parks, logistics hubs for aerospace, chemical, general warehousing industries and even dedicated food factories. More recently, they have also added the Jurong Rock Cavern for underground oil storage and the Seletar Aero+sPace to their industrial portfolio. For more information, log on to http://www.jtc.gov.sg.

You can also rent out from the Singapore Land Authority (SLA) through its one-stop portal on state property rental and sale information, State Property Information Online (SPIO). SPIO provides timely information on about 5,000 state buildings over 14,000 ha of state land. It manages a total gross floor area (GFA) of about 4 million sq m, ranging from residential, commercial, office, industrial to institutional and other uses. Through SPIO, you can obtain more information on vacant state properties which you can rent for your specific purposes, find out about the status of tender opening, closing and award, as well as land sales that are currently being conducted by SLA, if any. For more information, log on to http://www.spio.sla.gov.sg.

SMEs can also search online like on CommercialGuru, Singapore’s commercial space expert. The portal has a listing of available commercial space for rent under its commercial section at http://www.commercialguru.com.sg/find-commercial-properties. There, you can also view a list of property agents who specialise in the commercial sector to help you look for a commercial space for rent. If you are using the search engine, you can search according to the property type to suit your intended use. Some of the options available include office, retail and industrial. You can further refine your search by selecting the district, size, listing only commercial spaces with photos and/or videos as well as auction listings.