Commercial Office

New Delhi prime office net absorption down 5% to 1.34m sq ft in Q1

Gurgaon accounted for over half of the net absorption during the quarter.

New Delhi prime office net absorption down 5% to 1.34m sq ft in Q1

Gurgaon accounted for over half of the net absorption during the quarter.

How Seoul’s office property market is set for a robust investment growth

The office sector accounted for half the total investment transactions last year.

Key trends in Jakarta’s flex office space market 

Flex offices account for 5.2% of the total leased space in Sudirman CBD as of Q1.

Office vacancy trends in Tokyo’s major office markets

Vacancy is at a low 1.9% in Otemachi/Marunouchi where many domestic companies are headquartered.

Hong Kong office rents rebound to late-2021 levels in April

Rents in Central inched up 0.9% to HK$114.5 per sq ft.

This Hong Kong submarket had the highest office vacancy rate in April

The vacancy rate for this submarket reached 12.8% last month.

Philippine office leasing volume surges 75% in Q1

Leasing volumes hit 132,385 sqm during the quarter.

Singapore CBD office rents increase for the first time since 2019

CBD Grade A office rents are up 0.7% to S$9.44psf in Q1 2022.

Net takeup of Indonesian non-CBD offices surges by 85% in Q1

But the country’s residential sector is leading growth in the property market.

Why Chennai outperforms its southern counterparts as an office market

Before the pandemic hit, office space demand surged 107% across 2018 and 2019.

What is the two-tier market now forming in Singapore’s office sector?

Landlords are bullish about the rental trajectory in one of the two tiers. 

Singapore Grade A office vacancy up 1.6ppts to 7.2% in Q1

Despite this, net take-up of office spaces remained positive for the third consecutive quarter.

Flex space operators’ office leasing demand in India more than doubled in Q1

These operators accounted for 13% of the total leasing volume during the quarter.

India gross office leasing volume slips 9% to 14.7msf in Q1

Fresh leasing and pre-commitments together accounted for 81% of the demand.

Australian office vacancy rates record improvements in Q1

Sub-lease vacancy fell 1.7% in Sydney CBD and 2.6% in Melbourne CBD.

How much of Brisbane’s vacant office spaces are truly lettable?

Vacancy rates hit 14.9% in Q1, not far from the relatively high 10-year average of 14.3%. 

Korea’s Q1 office transaction volume hits USD3.6b

The largest deal that is still ongoing is worth USD3.2b.