Commercial Office
Five projects to add 200,000sqm to Brisbane’s new office supply
The largest project spanning 69,000sqm began construction in Q1.
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.
Hong Kong overall office rents to rise by up to 5% by end-2023
Though submarkets are still expected to endure some rental pressure.
Melbourne CBD prime office rents dip 0.5% in Q1
Rents in fringe areas fell a further 1.1% in the same period.
Seoul’s Grade A office vacancy now at an all-time low of 1.1%
The vacancy rate has been steadily decreasing since 2021.
Eight new office projects to be completed in Sydney CBD by next year
These projects will add a total of over 212,100sqm to the city’s stock.
Manila records 9,200sqm office absorption in Q1 as occupiers continue to downsize
One firm released 10,000sqm in Taguig City.
Delhi to see almost 7m sq ft of office supply by year-end
Most of the new stock will be in Noida and Gurgaon.
How can APAC CBDs thrive amidst the drastic changes in the way offices are used?
Central business districts need to be reinvented to stay relevant.
Adelaide overall office vacancy rate down to 16.1% in Q1
But prime office vacancies remain elevated at 17.5%.
Why Canberra recorded -1,300sqm office net absorption in Q1
The headline vacancy rate increased to 7.8% in the same period.
Grade A office rents in Ho Chi Minh City slip 0.5% in Q1
In 2023, CBD monthly rents are expected to decline 4.6% y-o-y to USD 45.6/sqm.
This office building was the only one to be completed in Jakarta in Q1
It is a 90,000sqm office building in the Sudirman corridor.
Mumbai adds 0.15 million sq ft to its Grade A office stock
Thanks to the completion of one project in Navi Mumbai in Q1.
Osaka’s office vacancy rate rises to 3.4% in Q1
Only one new project was completed during the quarter.
Demand for flex spaces up 25% in Singapore in 2022
However, new supply only grew by 3% over the same period.
Most Read
1. Why Singapore office demand and rents won’t recover until later this year 2. Australian retail now much more compelling for investors: Dexus Research 3. Australian net industrial face rents grow in Q1 4. Seoul prime office rents up 5% in Q1 5. Bangkok to see over 1.3m sqm new office supply until 2026Resource Center
Read Here
Advertise
Sign Up
Event News
Event News
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.
