How Much Does It Cost to Rent an Office in Singapore?

Singapore, known for its strategic location, business-friendly environment, and modern infrastructure, is one of Asia’s top choices for startups, SMEs, and global enterprises alike. But before setting up shop, one important question arises: How much does it cost to rent an office in Singapore?

Well, that depends on the type of office you're looking for. In this guide, we’ll break down the costs of shared offices, coworking spaces, serviced offices, and private offices to help you make an informed decision.

1. Coworking Space: The Flexible Choice for Startups and Freelancers

Coworking spaces are hot in Singapore — and for good reason. They're flexible, affordable, and offer a built-in community. Whether you’re a solo entrepreneur, remote worker, or small team, coworking spaces are a popular way to keep overheads low while maintaining a professional work environment.

Average Cost of Coworking Spaces in Singapore

• Hot Desk: SGD $250–$500/month

• Dedicated Desk: SGD $450–$800/month

• Private Office within a Coworking Space: SGD $800–$1,500/month per pax

  
  

What's Included?

• High-speed Wi-Fi

• Access to communal spaces

• Free coffee/tea

• Meeting room credits

• Networking events

  
  

Best For:

Freelancers, startups, small teams, remote workers

2. Shared Offices: Privacy Meets Affordability

A shared office typically refers to a setup where multiple companies or individuals share a larger office space. You get your own dedicated space (often a desk or small cabin) within a larger unit.

Average Cost of Shared Offices in Singapore

• SGD $400–$1,200/month depending on location and space size

  
  

Pros of Shared Offices

• More privacy than open coworking spaces

• Shared utilities and reception services

• Lower cost compared to renting a private office

  
  

Best For:

Small businesses, growing teams, or freelancers who need more privacy

3. Serviced Offices: The Plug-and-Play Option

Serviced offices are fully equipped, ready-to-move-in office spaces managed by a third-party provider. They offer maximum convenience, with everything from furniture to IT support included in the package.

Average Cost of Serviced Offices in Singapore

• SGD $800–$2,500/month per person depending on location and amenities

  
  

Factors That Affect Pricing:

• Location (CBD areas like Raffles Place and Marina Bay cost more)

• Office size

• Contract duration (shorter leases may cost more per month)

  
  

What's Included?

• Fully furnished space

• Utilities and internet

• Cleaning and maintenance

• Admin and reception support

• Shared meeting rooms and pantry

  
  

Best For:

Foreign companies entering Singapore, SMEs, or project-based teams

4. Private Offices: Traditional Space for Long-Term Use

For companies looking for full control, branding freedom, and long-term stability, private office rentals are the go-to choice. These are standalone offices, typically leased directly from landlords.

Average Rental Cost for Private Offices in Singapore

• Grade A buildings (CBD): SGD $9–$12 per square foot/month

• Grade B buildings (Fringe CBD): SGD $6–$8 per square foot/month

• Suburban areas: SGD $4–$6 per square foot/month

• Example: A 1,000 sq ft private office in Raffles Place may cost around SGD $10,000/month.

  
  

Additional Costs to Consider

• Fit-out/renovation

• Office furniture

• Utilities and internet

• Maintenance fees

  
  

Best For:

Established businesses, MNCs, companies with long-term growth plans

5. Location Matters: Where You Rent Affects the Price

Here’s a quick comparison of how location impacts rental rates:

6. Other Factors That Influence Office Rental Costs

• Contract Length: Longer leases often mean better rates

• Team Size: Most pricing is per desk or per pax

• Amenities: More perks = higher prices

• Access Hours: 24/7 access may cost more

7. Which Type of Office is Right for You?

Here's a quick comparison to help you decide:

Conclusion

So, how much does it cost to rent an office in Singapore? It all comes down to your needs, budget, team size, and growth plans. If you’re just starting out or need flexibility, coworking or shared spaces might be your best bet. Need something ready-made with support services? Go for a serviced office. Planning long-term with a larger team? A private office may be worth the investment.