A major commercial area of Singapore is Orchard Road, which is also known as the shopping belt. The road stretches for 2.2 kilometers from Tanglin Road, terminating on Prinsep Street. Many commercial buildings and offices are located along Orchard Road. Because of its popularity and central location, many businesses seek office space for lease on Orchard Road.
111 Somerset is The Latest Refurbished Office Building on Orchard Road
The famous shopping street on Orchard Road in Singapore is also an excellent location for offices. Companies in the retail, entertainment, and trading sectors occupy the majority of Orchard Road office space. Office buildings along Orchard Road are conveniently located near three MRT stations: Orchard, Somerset, and Dhoby Ghaut.
111 Somerset, also known as TripleOne Somerset, is a popular option for tenants looking for a rental office next to Somerset MRT. The office towers have been refurbished in 2018, and have three levels of retail and food and beverage on the ground floor. The building also boasts a medical centre on its 2nd and 3rd floors. Three floors of retail space connect the two office buildings.
It is only 2 minutes away from the Somerset MRT station, which has a covered linkway. A prime location on Orchard Road and ample car parking make the 111 Somerset a popular choice for businesses.
How Much Is the Rent For 111 Somerset?
Rent at 111 Somerset typically ranges from $8.80 to $9.20 per square foot, but it may still be negotiated. Comparing 111 Somerset Road to nearby Wheelock Place and Ngee Ann City, the office space is 25% less expensive. On the other hand, 111 Somerset rent is about 15% higher than the average price on Orchard Road. Several of the buildings in the area, which offer much lower rents due to being old and undermaintained, may contribute to the low transacted rate. In spite of this, the excellent condition of 111 Somerset building and the close proximity to the Somerset MRT remain a draw for tenants.
Amenities and connectivity at Orchard Road
Taxis are the most popular means of transportation to and from Orchard Road. MRT is also an option for those who prefer something that is more convenient or who travel during rush hour. On Orchard Road, there are several bus stops for those without access to other modes of public transportation.
On Orchard Road, convenience is the focus. Hotels, restaurants, and ATMs are available in the area. One of the best things to do in Singapore is to walk along Orchard Road, which has 2.2 kilometers of pavement on either side. From the 1960s onward, Orchard Road began to develop. On both sides of Orchard Road are large and small shopping malls.
In Emerald Hill’s Somerset area, you can find conservation shop houses with Chinese baroque architecture. There were many wealthy Peranakan businessmen living there at one time.
Several of the most vibrant parts of this neighborhood are located near the intersection of Orchard Road and Scott Road, towards Somerset. The 111 Somerset building is also located along this busy section of Orchard Road near Somerset Mass Transit Station. If you are looking for an office location on Orchard Road, the 111 Somerset space is certainly worth considering.