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.

Grade A Science Park Lab Rental at GENEO

Geneo space for rent 1B Science Park lobby

100% Leased For Rent Business Parks Research & Lab Space

1B Science Park Dr (Geneo)

Fully Leased

Overview

35,000 sqft
Unit Size

S$7.50 - 7.80 psf
Price psf

Kent Ridge
Nearest MRT

Business Park
Land Zoning

Description

Note : 1B Science Park Drive is fully leased now. No vacancy.

Science Park Lab Rental at Geneo (1B Science Park Drive) – Key Highlights :

Located within Science Park 1 next to Kent Ridge MRT
Typical wet-lab ready unit sizes : 35,000 sqft (Fully Leased)
Ceiling Height : 3 m (raised floor to false ceiling)
Floor Loading : 5 kN/m2
Centralised Chilled water supply available
Integrated with 53,800 sqft of F&B and retail shops.
BCA Green Mark Platinum Super Lower Energy Award
Excellent corporate image with grand lobby
Green amenities to facilitate low carbon mobility
All unit are fitted with false ceiling, lighting, centralised aircon, and raised flooring

Qualifying trade : IT-related, Media, Product design & development, Engineering R&D, Financial Technology and Data Processing Activities.

Amenities at Science Park 1:

Food court on 1st storey
Amphitheatre, retail, F&B outlets at event plaza
2 minute walk to F&B, and retail shops at Geneo and One@KentRidge
Retail shops and supermarket at One@KentRidge
Flexible workspace and serviced office options are available at Bridge+ offering shared amenities
Seminar rooms and auditoriums and fitness centre with a swimming pool at Oasis
250 units of serviced apartments and facilities under Citadines Science Park Singapore

Accessibility :

2-minutes walk to Kent Ridge MRT
Opposite National University Hospital (NUH)
Walking distance to National University of Singapore (NUS)
15-minutes drive to Central Business Disctrict (CBD)
35-minutes drive to Changi Airport
Shuttle bus connecting Science Park I, II, NUS and Kent Ridge MRT available

Property Overview

1B Science Park Drive (part of Geneo integrated development) is suitable for R&D activities in biomedical, life science, pharmaceutical, healthcare, and other knowledge-intensive industries. The purpose-built wet-lab ready units comes with floor trap, exhaust shaft, fresh air louvre, false ceiling, sensor-controlled lighting, centralised air-conditioning with 150 mm raised flooring. Unit layout is modular and almost column-free.

In total, there are 5 buildings that form Geneo hub offering 180,600 square meter of space that are interconnected by the event plaza:
• 1 Science Park Drive (suitable for wet-lab and IT-office)
• 1A Science Park Drive (bare shell research unit suitable for wet-lab)
• 1B Science Park Drive (wet-lab ready units for biotech company)
• 5 Science Park Drive (known as Shopee building)
• 7 Science Park Drive (suitable for IT-office and dry lab)

Science Park lab rental at Geneo will be supported with 53,800 sqft of retail, F&B and lifestyle amenities. In addition to work spaces, the project also features serviced apartments which is operated by Citadines, providing 250 units for long- and short-term stays with amenities, catering especially to business travellers. With its underground connection to Kent Ridge MRT station, inhabitants can enjoy excellent convenience and accessibility getting here. Call our leasing hotline to arrange viewing appointment at Science Park office rental at Geneo now.

Below are Science Parks buildings with office and lab space for rent :
• Science Park I : Geneo, Ascent, Cintech I, Cintech II, Cintech III, Cintech IV, The Rutherford, The Cavendish, The Chadwick, The Curie
• Science Park II : The Alpha, The Aries, The Capricorn, The Gemini, Teletech Park, The Galen, The Kendall

FAQ – Science Park Lab Rental at Geneo – 1B Science Park Drive

How much does Science Park lab rental at Geneo (1B Science Park Drive) cost ?

The asking rental for wet-lab ready units at 1B Science Park Drive is S$7.50 – 7.80 psf (subject to GST). Hence for a unit of 2,000 sqft size, the rental is approximately S$15,000/mth (subject to GST) negotiable. Please note that rental is inclusive of service charges and centralised aircon charges (Monday to Friday 8 am – 6 pm excluding public holidays).

What are the sizes of lab for rent at Geneo ?

The typical sizes of lab units at Geneo are generally quite large.
There are 4 buildings (excluding Shopee building) that forms part of GENEO offering office and lab for rent:
– 1 Science Park Drive (wet-lab ready unit and IT-office) : Size 2,100 – 36,000 sqft
– 1A Science Park Drive (bare shell lab) : Size 3,500 – 35,000 sqft
– 1B Science Park Drive (wet-lab ready units) : Size 9,000 – 35,000 sqft
– 7 Science Park Drive (IT-office and dry lab) : Size 2,050 – 35,000 sqft
Please contact us to discuss your company’s space requirement so we we can recommend you which buildings that are suitable.

How is the condition of Science Park lab rental at Geneo (1B Science Park Drive) ?

Lab for rent at 1B Science Park Drive comes fitted with floor trap, exhaust shaft, fresh air louvre, false ceiling, sensor-controlled lighting, centralised air-conditioning with 150 mm raised flooring. Emergency source for tenant’s exhaust fan and automatic fire alarem and sprinkles system are provided. The units layout are modular and mostly column free that allows an efficient workflow planning.

Is there any qualifying trades for companies to be based in Geneo?

Yes because Geneo is classified under Business Park zoning. Urban Redevelopment Authority (URA) specifies that only certain qualifying trades engaged in high-technology, research and development, high value-added and knowledge intensive activities are allowed to be based in Business Parks. Read more about URA Guidelines on Business Park Usage 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.