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.

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.

Nordic International Business Park For Rent

Nordic International Business Park For Rent (8)

Nordic International Business Park lobby

For Rent Business Parks

Nordic European Centre

S$4.60 psf

Overview

1,000 - 7,000
Unit Size

$4.60 psf Negotiable
Price psf

Jurong East
Nearest MRT

Business Park
Land Zoning

Description

Business Space at Nordic European Centre for rent – Key Highlights:

Typical unit sizes : 1,000 / 2,000 / 3,000 / 7,000 sq ft (subject to availability)
Ceiling Height (floor to false ceiling): 3.5 – 4 m
Floor Loading : 7 – 10 kN/m2
Power supply : 63 Amps per unit (single phase)
Unit comes fitted with false ceiling, lighting, and centralised aircon

Qualifying trade for Nordic European Centre :
• Software development
• Research and development
• Computer centre
• Data processing
• Industrial training
• IT / ICT related activities

Amenities :
• Cafétaria, gym, auditorium, meeting rooms and meeting pods within the building
• End-of-trip facilities. i.e. shower, lockers and secured bicycle racks at basement
• Nearby shopping malls e.g JEM, Westgate, IMM, Perennial Business City

Transport Accessibility :
• 14 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 Nordic European Centre For Rent

How much does International Business Park office rental cost at Nordic European Centre?

The rental rates at Nordic European Centre 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. Please note that asking rental rates includes service charge and aircon during office hours. Refer to comprehensive International Business Park Rental Rates Guide Here.

What are the office sizes available at Nordic European Centre for rent?

Business space at Nordic European Centre for rent tends to be smaller than other buildings at International Business Park. The smallest size starts from about 500 sq ft. But majority of the units ranges from 1,000 – 7,000 sq ft. Other buildings that also have office for rent under 2,000 sq ft can be found at The Strategy @ IBP and The Synergy @ IBP.

Is pre-termination of lease before expiry allowed for tenancy in Nordic European Centre?

No. Pre-termination of lease is not allowed by the landlord of Nordic European Centre. 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 Nordic European Centre International Business Park for rent?

Business space at Nordic European Centre for rent are fitted with false ceilings, lighting and centralized air conditioner (Monday to Friday 8 am – 6 pm and Saturday 8 am – 1 pm). The building has modern facilities such as conference and meeting room, a grand and cozy lobby, a well-equipped gym, and end-of-trip facilities. Fitted unit available from time-to-time.

Is there any qualifying trades for companies to be based in Nordic European Centre?

Yes, there are as Nordic European Centre falls under Business Park zoning. Under Urban Redevelopment Authority (URA) regulations, Business Park is designed for use by businesses involved in high-technology, IT-related trade, software development, data processing, industrial training, and E-business.

Who are the tenants in Nordic European Centre?

The current tenants based in Nordic European Centre are :
• Clariden Global Pte Ltd (Global business leadership institution)
• Evonik (SEA) Pte Ltd (leading global supplier of lubricant additives, synthetic base fluids for the automotive and industrial lubricants)
• Suntech Ship Management Pte Ltd (Ship management company)
• Beckhoff Automation Pte Ltd (Technology leader in PC-based control technology and automation solutions)
• Palfinger Asia Pacific Pte. Ltd (Global provider of lifting, loading and handling solutions for use on commercial vehicles)
• Satomas Pte Ltd (Leading manufacturer & supplier of Industrial Explosion Proof & Hazardous Area Generator)

Does URA 60:40 Usage Rule applies to Nordic European Centre?

Yes because Nordic European Centre 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.
Read more about URA 60:40 Utilisation Rule 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.