Commercial Office
Bengaluru records 35% growth in office leasing volume in Q2
Volumes hit over 3msf during the quarter.
Bengaluru records 35% growth in office leasing volume in Q2
Volumes hit over 3msf during the quarter.
Mumbai gross office leasing volume drops 4% to 2.7msf in Q2
The total takeup in H1 was at 5.6msf.
Singapore prime office rents to rise by 3-5% this year
This is higher than the 3% forecast released late last year.
Tokyo to grow office supply significantly until 2026
The sizeable supply expected in 2025 will be sandwiched between quiet years.
Delhi office leasing volume rises 24% to 3.6msf in Q2
This brings total leasing volume in H1 to 6.5msf.
What to expect from Tokyo’s office market in the near term
Savills expects the market to remain stable over the short to medium term.
What’s driving robust office demand in Singapore?
Despite firms’ plans to reduce office footprint, there will still be a net increase in office demand.
Singapore prime office rents up 1.2% in Q2
This brings total rental growth to 2.5% in H1 2023.
Hong Kong office vacancy rate increased to 12.4% in May
Vacancies in Central rose to 9.2%.
Taipei to see 20,000 ping of new office stock in 2023
Two office projects were postponed to 2024.
Kuala Lumpur to see over 3m sq ft of new office stock by year-end
Though only one completion was recorded in Q1.
Tokyo’s Q1 office absorption more than double that of 2022’s full year figure
Net absorption totalled 116,000sqm in Q1.
Hanoi finally welcomes new Grade A office project after two years
It is a 23,000sqm project located in Dong Da District.
Perth’s office net absorption hits record highs since Q3 2018
The city’s absorption hit 27,200sqm in Q1 2023.
Five projects to add 200,000sqm to Brisbane’s new office supply
The largest project spanning 69,000sqm began construction in Q1.
Bangkok’s prime office net absorption hits 12,600sqm in Q1
Meanwhile, the vacancy rate increased to 19.9%.
Sydney bound to record its lowest office development activity since 2012
Only 19,791sqm of new office stock is expected to be completed in the CBD this year.
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1. Investment opportunities in Australia’s student accommodation sector revealed 2. APAC prime office rents drop for the seventh consecutive quarter 3. Singapore Q1 private home transactions down 2.4% to 4,230 units 4. Singapore office vacancy rate hits record low in over 7 years 5. Australian infrastructure deal value drops by 31% in Q1Resource Center
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EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges
![EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges]()
Co-Written / Partner
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
