Commercial Office
Seoul prime office vacancy rises to 3.4% in Q3
Net absorption was at -14,200sqm during the quarter.
Hong Kong office market grappling with record high vacancy rates
The vacancy in Central hit a net area of 2.2m sq ft.
APAC prime office rents show signs of bottoming out in Q3
Thanks to record-breaking occupier demand in Indian cities.
Hanoi office supply reaches 2.5m sqm in Q3
Major projects are expected to come online in the near term.
Ho Chi Minh City adds 11,000sqm of new Grade A office supply in Q3
Over 429,000sqm of new office space is expected to materialise until 2026.
Jakarta’s office leasing sector remains a tenants’ market
Companies wield strong bargaining power.
Jakarta CBD office occupancy rate reaches 73% in Q3
The occupancy rate outside the CBD was lower at 70%.
Jakarta CBD office supply hits 7.38m sqm in Q3
Outside the CBD, supply reached 3.83m sqm during the same quarter.
Over 3 in 10 APAC firms expect office usage to increase
More than 60% reported stable office attendance.
Bangkok office supply to hit 316,000sqm in 2025
And over 410,000sqm of new supply is expected in the second half of 2024.
Kowloon office rents to decline by 1-3% in 2024
Rents in Kowloon East are forecast to drop by 3-5%.
Singapore office vacancy rate reaches 10-quarter high of 8.3% in Q3
Meanwhile, office rental growth plateaued during the quarter.
Singapore CBD Grade A office rents inch up 0.3% in Q3
And vacancy rates increased to 5.5% during the same period.
Grade A office rents on Hong Kong Island down 6.5% in August
And vacancy remained high at 13.4%.
Manila braces for influx of new office supply
Over 600,000sqm of new stock is expected to enter the market this year.
What were the key drivers of Singapore office demand in Q3?
There was more activity from smaller space occupiers.
Singapore office rents to grow by 3% for full-year 2024
Learn more about the economic dynamics affecting this forecast.
Most Read
1. APAC office demand surges to 2.2m sqm in Q3 2. Singapore private residential vacant stock grows by 18.8% in Q3 3. Hong Kong to see nearly 3,000 new hotel rooms for remainder of 2024 4. Singapore CBD Grade A office demand could remain weak until 2026 5. Australian CBD markets record mixed signals for office demand in Q3Resource Center
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Al Mouj Muscat's Business Park wins Office Development of the Year - Oman at Real Estate Asia Awards 2024
![Al Mouj Muscat's Business Park wins Office Development of the Year - Oman at Real Estate Asia Awards 2024]()
Co-Written / Partner
It sets new standards for office developments with its striking design and strategic location.
It sets new standards for office developments with its striking design and strategic location.
