The rental cost of an office space in Singapore CBD can vary greatly depending on several factors such as location, size, building type, and lease term.

As of March 2023, the average rental cost of an office space in Singapore CBD is approximately S$9 to S$14 per square foot per month for a standard lease term of three years. However, rental costs for prime office spaces in Singapore CBD can range from S$16 to S$20 per square foot per month or more, depending on the location and building type.

The rental cost may also include additional fees such as maintenance fees, utilities, and property taxes, so it's important to factor in these costs when considering the total rental cost of an office space.

It's important to note that the rental cost of an office space in Singapore CBD is subject to market conditions and may fluctuate over time. It's best to work with a commercial real estate agent who can provide you with up-to-date information on rental rates and help you rent an office space that fits your budget and business needs.
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A partially fitted office is a type of commercial space that is partially built out or furnished by the landlord or property owner, but may require some additional customization or improvements by the tenant to fully meet their specific business needs.

In a partially fitted office space, the landlord may have already completed certain building work, such as installing electrical wiring, lighting, and HVAC systems, and may have also put up walls, ceilings, and flooring. However, the space may not have all of the necessary fixtures, furniture, or equipment required by the tenant's business, such as desks, chairs, phone lines, internet connectivity, or specialized equipment.

A partially fitted office can be a good option for businesses that want some degree of customization in their office space, but also want to avoid the expense and hassle of building out the entire space themselves. The tenant can negotiate with the landlord to determine which aspects of the buildout will be completed by the landlord, and which aspects the tenant will need to complete themselves. Be aware of your needs for furnishings when you are renting an Office.

As a qualified Commercial Real Estate Agrent, we can help you find someone to take over your office lease. There are several options you can explore to find a new tenant to take over your lease:

1. Check your lease agreement: Review your lease agreement to see if there are any specific provisions regarding lease termination and assignment. Some leases may require the landlord's approval for subleasing or lease assignment.

2. Advertise your space: Advertise your office space on online classifieds websites, social media, or other platforms that cater to commercial real estate listings. You can include details about the space, such as location, size, amenities, and rental rate.

3. Reach out to your network: Let your business contacts and colleagues know that you are looking for someone to take over your lease. They may know of someone who is looking to rent an office or be able to refer you to someone who can help.

4. Use a commercial real estate agent: Consider working with a commercial real estate agent who can help you find a new tenant to take over your lease. They can market your space to their network of clients and handle the negotiation and paperwork for the lease transfer.

Remember to be transparent with potential tenants about the terms of the lease and any remaining obligations you may have under the agreement, such as rent payments or security deposits. You may also want to consult with a real Estate agent to ensure that the lease transfer is done properly.

The minimum lease term to rent office in Singapore varies depending on the type of property and the landlord's preferences. However, the typical minimum lease term for commercial properties in Singapore is two to three years.

For example, office spaces in Singapore usually have a minimum lease term of two to three years, while retail spaces may have a minimum lease term of three years or more. Industrial properties may have longer minimum lease terms due to the capital-intensive nature of the businesses that operate in them.

That being said, some landlords may be open to negotiating a shorter lease term or a flexible lease arrangement based on the tenant's needs. It's always a good idea to discuss your lease requirements with your property agent to determine the best leasing arrangement for your business. 

Here are some common terms that you may encounter when renting an office:

1. Lease term: The period of time for which you will be renting the office space. This can range from one year to several years, depending on the agreement between you and the landlord.

2. Rent: The amount of money that you will be paying to the landlord for the use of the office space.

3. Security deposit: A sum of money that you may be required to pay upfront to the landlord as a guarantee against damage or unpaid rent. This is typically refundable at the end of the lease term, provided that the office space is left in good condition and all rent has been paid.

4. Maintenance fees: Additional fees that may be charged by the landlord for the upkeep of the common areas and facilities in the building.

5. Utilities: The cost of electricity, water, and other utilities that you will be responsible for paying as the tenant of the office space.

6. Common areas: Areas of the building that are shared by multiple tenants, such as elevators, lobbies, and restrooms.

7. Tenant improvements: Any modifications or improvements that you plan to make to the office space to meet your business needs. This can include installing new fixtures, adding partitions, or upgrading electrical or HVAC systems.

8. Subleasing: The practice of renting out a portion of your leased office space to another party. This may require the landlord's approval and may be subject to additional fees or restrictions.

9. Termination: The process of ending the lease agreement before the end of the lease term. This may require giving notice to the landlord and may be subject to penalties or fees.

It's important to carefully review and understand all of the terms of the lease agreement before signing, and to seek the advice of a real estate agent if you have any questions or concerns.

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