Is it easy to rent a space for a restaurant in CBD?

There's an availability of spaces since COVID has hit the F&B sector hard, although it's just beginning to come back somewhat to life.

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The biggest hurdle is rental. Rent amounts are really high in the CBD. Spaces in uber-hot F&B areas like Telok Ayer go for $10-$15 per square foot.

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Let's say you're building out an average-sized restaurant with, say, 60 covers (about 15-20 tables - although this will be reduced now due to safe distancing measures). You'll need about 1,500 square feet of space. So at $10-$15 per square foot, you're looking at $15,000 to $22,500 in rent per month. That's a lot of money!

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Here's some further reading if you're looking to start a new F&B biz, and rent commercial F&B spaces:

1. How to start a restaurant
2. How to incorporate a pte ltd
3. How to get your food shop license by SFA, and liquor license