How big is the space I need in looking for office for rent at International Business Park?

As general rule of thumb, a standard office space planning will require about 100 - 130 sq ft per person with a 10% buffer to err on the side of caution. The size required is also dependent upon whether the work area per person is going to be compact or spacious with wide distance between each other, and whether there are common spaces such as pantry, chill-out area, meeting rooms, conference room, product demo area, reception etc. It is also good to budget additional 10% of extra space (if budget allows) for future expansion of staff in near term e.g. within 1 year time.

How is the unit condition of 31 International Business Park for rent?

International Business Park office for rent are mostly fitted with false ceilings, lighting and centralised air conditioner. These office units are suitable for companies in knowledge-intensive industries who do not require wet lab presence in their activities.

How much is the asking rental rates at 31 International Business Park?

The rental rates at 31 International Business Park is around S$4.60 psf (subject to GST) negotiable. For example, a unit size of 1,000 sq ft will command an asking rental from S$4,600 per month. Generally the smaller unit will have a stickier pricing (less negotiable compared to the large unit, say above 5,000 sq ft). Do note that for fitted unit, sometimes there might be a takeover fee requested by the existing tenant, although the amount can be negotiated. Please refer to International Business Park Rental Rates Guide HERE.

Is there any rent-free fitting-up period granted when renting a business space at 31 International Business Park?

Yes, there will be rent-free fitting-up period granted. The duration of this rent-free period depends of the size, condition of the space and the effective rental rate over lease duration. Although typically it is 1 month period, prospective tenant may discuss with the landlord for a slightly longer time if there is a sizeable renovation required for large unit or foreseeable construction delay due to manpower shortage. Add Image

How long is the typical lease term at 31 International Business Park?

Typically the lease term is a minimum of 3 years with an option to renew. The lease term can also be longer than 3 years but normally will comes with an escalation of rental rates clause.

For Rent Business Parks

ICON @ IBP

Q: What are the typical size of business space for rent at 31 International Business Park (a.k.a Creative building @ IBP)?

The typical unit sizes for rent at 31 International Business Park (IBP) ranges from 2,000 – 12,000 sqft (The largest typical floor plate is approximately 47,000 sq ft at 31 IBP. Smaller units under 2,000 sq ft can be found at Nordic European Centre, The Strategy @ IBP and The Synergy @ IBP. Other International Business Park office for rent typically starts from 2,000 sq ft upward in other buildings.

S$3.80 psf Negotiable

Overview

2,000 -25,000
Unit Size

$3.80 psf Negotiable
Price psf

Jurong East
Nearest MRT

Description

ICON @ International Business Park office for rent – Key Highlights:

Typical unit sizes : 2,000 / 4,000/ 6,000 / – 25,000 sqft (subject to availability)
Ceiling Height (floor to false ceiling): 3.2 m
Floor Loading : 5 – 7.5kN/m2
Aircon system : Centralised water cooler chiller system
Power supply : 150 Voltage or 0.217 Amps per sqm leased
Unit comes fitted with false ceiling, lighting, and centralised aircon

Qualifying trade for ICON @ IBP :
• High tech manufacturing
• Product design/development
• Research and development
• Computer centre
• Data processing
• Industrial training
• IT / ICT related activities

Amenities :
• Convenience shop, cafétaria, clinic, food court and childcare centre within the building
• Nearby shopping malls e.g JEM, Westgate, IMM, Perennial Business City
• Adjacent to West Coast Park Connector Network

Transport Accessibility :
• 12 minute walk to Jurong East MRT & bus interchange.
• 5 minute drive from Ayer Rajah Expressway (AYE) and Jurong MRT station
• 20 minute drive to Central Business District (CBD)
• 30 minute drive to Singapore Changi Airport via Ayer Rajah Expressway (AYE)
• JTC shuttle bus services to Jurong East MRT available
• Capitaland shuttle bus service to IMM provided

FAQ – About ICON @ International Business Park Office For Rent

How much is the asking rental rates at ICON @ IBP?

The rental rates at ICON @ IBP is around S$3.80 psf (subject to GST) negotiable. For example, a unit size of 2,000 sq ft will command an asking rental from S$7,600 per month. Please note that asking rental rates includes service charge and aircon during office hours. This rate is comparable to the rent at ACER building @ 29 International Business Park (IBP), which is considered one of the lowest among all the buildings for rent in IBP.

Please refer to comprehensive International Business Park Rental Rates Guide HERE.

What are the sizes available at ICON @ International Business Park office for rent?

ICON @ International Business Park office for rent ranges from 2,000 – 10,000 sqft, although the largest floor plate size can stretch up to 25,000 sq ft. Smaller units under 2,000 sq ft can be found at Nordic European Centre, The Strategy @ IBP and The Synergy @ IBP.

Is pre-termination of lease before expiry allowed for tenancy in ICON @ IBP?

No. Pre-termination of lease is not allowed by the landlord of ICON @ IBP. However, tenant can approach the landlord for assistance in looking for a replacement tenant if there is an unexpected change in business plan that requires down-sizing, relocation or closure of business space. Please note that the rental is payable until a tenant replacement is found and commence their lease.

How is the unit condition at ICON @ International Business Park office for rent?

Unit at International Business Park office for rent at ICON are fitted with false ceilings, lighting and centralized air conditioner (Monday to Friday 8 am – 6 pm and Saturday 8 am – 1 pm). The ground floor lobby area is pleasant and have a very cozy ambience over looking water feature at the nicely decorated outdoor garden terrace. Tenants that are based here will certainly have a good corporate image of their brand.

Is there any qualifying trades for companies to be based in ICON @ IBP?

Yes, there are as ICON @ IBP falls under Business Park zoning, which are designed for use by businesses involved in high-technology, R&D, IT-related trade, software development, data processing, industrial training, and E-business.

Who are the tenants in ICON @ IBP?

The current tenants based in ICON @ IBP are:
• Bio-Rad Labaratories (Singapore) Pte Ltd (Global leader in developing innovative products for the life science research and clinical diagnostics markets)
• Endress+Hauser (SEA) Pte Ltd (Global leader in measurement instrumentation, services and solutions for industrial process engineering)
• INFICON Pte Ltd is a (Provider of innovative instrumentation, critical sensor technologies, and smart manufacturing software solutions)

Does URA 60:40 Usage Rule applies to ICON @ IBP?

Yes because ICON @ IBP falls under Business Park zoning. Under this rule, at least 60% of a building’s gross floor area (GFA) must be allocated to predominant function such as production or research-related activities, while up to 40% can be used for ancillary functions that directly support these operations. Please read more about what URA 60:40 utilisation rule means HERE.

These are the buildings at International Business Park for rent : The Strategy @ IBP, The Synergy @ IBP, 27 International Business Park, 31 International Business Park (a.k.a Creative building), ACER building, Nordic European Centre, Icon @ IBP, 1A International Business Park (a.k.a Tolaram). Units are subject to availability. 

We focused on:
• Business Parks (Business Space & Lab For Rent)
• Hi-Specs Industrial buildings (Business Space Leasing)
• B1/ B2 Industrial buildings (Ramp-up and Flatted Warehouse)
• Commercial Property For Rent (Office and Retail Space)

Call us for Free consultation to discuss your space requirements.