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.

The Strategy International Business Park for rent

For Rent Business Parks

The Strategy @ IBP

S$4.50 psf Negotiable

Overview

1,000 - 10,000
Unit Size

S$4.50 psf Negotiable
Price psf

Jurong East
Nearest MRT

Business Park
Land Zoning

Description

“The Strategy” office for rent in International Business Park – Key Highlights:

Typical unit sizes : 1,000 – 10,000 sq ft (subject to availability)
Ceiling Height (floor to false ceiling): 2.75 m
Floor Loading : 5 – 7.5kN/m2
Ample parking lots : 314 lots
Aircon system: Centralised chilled water system
Power supply : 200 – 250VA per sqm of lettable area
BCA Green Mark Gold Plus Award
Unit comes fitted with false ceiling, lighting, and centralised aircon
URA 60:40 Usage Rule applies

Qualifying trade for The Strategy @ IBP :
• Software development
• Research and development
• Computer centre
• Data processing
• Industrial training
• IT / ICT related activities

Amenities :
• Cafetaria, food court, outdoor refreshment area, clinic, and childcare center within the building
• Nearby shopping malls e.g JEM, Westgate, IMM, Perennial Business City

Transport Accessibility :
• 10 minute walk (0.7 km) 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

These are the buildings in 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. 

Office rent in International Business Park

FAQ – About Office Rental in The Strategy @ IBP

How much does office rental cost at The Strategy @ IBP?

The asking rental rates at The Strategy @ IBP is around S$4.50 psf (subject to GST) negotiable. For example, a unit size of 1,000 sq ft will command an asking rental from S$4,500 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 unit sizes available at The Strategy for rent in International Business Park?

Office for rent in International Business Park at The Strategy building tends to be compact from 1,000 to 10,000 sq ft, although the largest floor size can stretch up to 20,000 sq ft. Smaller units under 2,000 sq ft can also be found at Nordic European Centre and The Synergy @ IBP.

How is the condition of business space at The Strategy for rent in International Business Park?

Business space at The Strategy @ IBP 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 an impressive grand entrance and waiting lobby area with dome-like structures and full glass facade allowing plenty of natural lights through the internal facade. It definitely gives good corporate image to tenants that are based there. Fitted unit available from time-to-time. Please contact us to check for availability.

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

No. Pre-termination of lease is not allowed by the landlord of The Strategy @ 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.

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

Yes, there are as The Strategy @ IBP falls under Business Park zoning. Under Urban Redevelopment Authority (URA) regulations, International 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 at The Strategy @ IBP?

The current tenants based in The Strategy @ IBP are:
• DELL GLOBAL B.V. (SINGAPORE BRANCH) (Multinational IT Solutions company)
• Furukawa Electric Singapore Pte Ltd (Distributor of electrical apparatus and equipment wiring supplies)
• Mann + Hummel (SEA) Pte Ltd (Leading global company in filtration technology)

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

Yes because The Strategy @ IBP falls under Business Park zoning. URA 60:40 Rule called for 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 refer to what URA 60:40 Utilisation Rule means Here.

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. 