Why rent a temporary retail space in Singapore?

Singapore retail spaces are perfect for any type of sales event. The city is very social media friendly and has a bustling retail sector in various shopping centres, providing your brand with a great opportunity to promote online sales and open a temporary storefront in a prime retail space. 

 Singapore crowds are eager to shop and love the opportunity to engage with new products. Space to rent in Singapore tend to be flexible in both size and length of lease depending on whether you require it for a day, week or months.  If you are looking for a studio space, warehouse or storefront, Singapore can offer it all for a reasonable cost. There is temporary retail space for rent in Singapore that can meet almost every need imaginable. 

What is a retail space?

Retail space entails any area that you can promote or sell items and services for a specific period of time. It could be for a day, a few weeks or months. Temporary retail space means you are not locked into a long lease and you have flexibility on rental terms. This space is designed to let a retailer connect with potential customers to increase sales and income. 

How much does a retail space cost to rent in Singapore?

Shop space for rent in Singapore varies when it comes to cost. It can range anywhere from 80SGD to 8500SGD, with an average of around 1300. This pricing may include per foot price as well as how much something may cost per day or month. The cost of retail commercial property for rent in Singapore can also be affected amenities, location and staffing. While there is no set costing formula, comparable venues should make assessing cost easier if you ask for pricing in the same format. 

Things to consider when choosing a retail space in Singapore?

Cost is one of the most important considerations when looking for commercial space to rent in Singapore. Having a budget and then getting venue pricing can help determine the space size as well as how long you can afford to keep it.

Location is important when it comes to any type of retail venture. Understanding whether the business requires a high foot traffic area or somewhere for a one-off sales event makes a difference when scouting locations. Different types of retail sales need different retail space in Singapore. A one-day event may require a large space to accommodate customers, whereas a pop-up shop or an ongoing retail area may need a smaller storefront that is on a busy street. 

Legalities may seem basic but in reality, they are important. If the lease is complex, then you may want to consider having a lawyer take a look at it. Understanding both yours and the landlord's obligations along with termination conditions is critical so you aren’t hit with unexpected costs, penalties, or expenses. 

Be mindful of the area you are leasing. Take a look at the neighbourhood as well as the street and traffic. Does it suit your needs and is it a safe place to do business? Cheap is good, but you don’t want it so inexpensive that it doesn’t meet your retail needs. 

Rent a Retail Space in Singapore

What are the most sought-after locations for leasing commercial space in Singapore?

Showcasing your products to their best advantage in the proper retail space will not only make your brand more recognizable, but you will also be able to draw the most attention to possible buyers and increase foot traffic. The first floor with a storefront or lower level of a commercial property gives you that exposure needed to help your company succeed. A second or third floor is also a good option if the space has windows facing the street, and you can put up specific signs that help the exposure of your shop. The majority of retail stores in Singapore consist of shopping malls. You can find them everywhere in the city-island; Orchard Road is the most popular with various discount and department stores, alongside bars, restaurants, and luxury hotels. Additionally, there are hip and trendy shopping destinations for young citizens. Haji Lane provides independent stores and cafes in the Arab Quarter. The Clark Quay street off of the Singapore River hosts countless shops to browse and eat. For shoppers with a limited budget, Scape Underground is ideal, known as one of the most affordable places to shop in Singapore. Mustafa Centre is another possibility for smart shopping, open 24 hours and located in Little India.

How much does it cost to rent a shop in Singapore?

Renting a retail store in Singapore is determined by location, ranging anywhere from 80 SGD per day to 8,500 SGD, with an average of 1,300 SGD.

• A minimum spend rate in Singapore usually is as little as 80 SGD per day. Orchard has plenty of available and affordable boutique spaces to rent, neighboring River Valley, the downtown area, and the city of Bishan, a residential town located in the northern region of Singapore.
• The most expensive spaces are mainly targeted for owners looking for premium space by Orchard Road, Takashimaya department store, or The Shoppes at Marina Bay Sands, where several high-end boutique stores, such as Chanel and Moncler, are located.
• Knowing what you're getting for the price is important. Singapore commercial or store space usually has low loss factors. In other words, usable vs. rentable space. Retail space is usually leased in "as is" condition without renovations provided by the landlord. However, they may consider offering a free lease as a substitute for construction.