By Joyce Teo, Property Correspondent

AFTER rising steeply for several years, prime office rents are on the way down as landlords move to retain good tenants in uncertain economic times.

In the wake of the global financial crisis, which erupted in mid-September, these prime rents are now back to levels seen about 12 months ago.

They fell 5 per cent last month and could fall another 10 to 20 per cent over the next six months, according to consultancy Cushman & Wakefield.

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