Commercial Office
Jakarta office occupancy rate to stabilise at 65% by year-end
Jakarta office occupancy rate to stabilise at 65% by year-end
Rents are expected to decline at a slower rate.
Ho Chi Minh City Grade A office rents up 2.5% in Q2
This was due to the changes in the list of Grade A projects.
Smaller occupiers to support Brisbane office demand into 2025
These occupiers are expected to expand office space in the near term.
Taiwan office vacancy rate to decrease to 5.3% by end-2024
The ICT and healthcare sectors will continue to drive leasing demand.
Melbourne adds 69,000sqm of new CBD office supply in Q2
There is a further 73,100sqm of space currently under construction.
Bangkok’s intensified supply-demand mismatch leads to rising office vacancy
Prime office vacancy rate remained high at 26% in Q2.
Singapore strata office transactions to hit S$1B in 2024
The market has had stable transaction volumes over the past year.
Adelaide records 52,700sqm of new office space under construction
The largest project is a 21,700sqm office tower.
Delhi net office absorption hits a record 4.68m sq ft in H1 2024
Net absorption in Q2 alone was at 2.41m sq ft.
Seoul office rents rise by 7.1% in Q2
Rent grew for all submarkets.
Singapore strata office sales drop 15.6% to S$437.3 in H1 2024
There were only 154 transactions during this period.
Taiwan office property sector to be a tenants’ market in 2025
New office supply is expected to peak, and it might take a long time for it to be absorbed.
Sydney CBD office vacancy rate inches up to 12.2% in H1 2024
Large occupiers are moving outside of the city.
Over 1 in 4 Hong Kong office occupiers intend to downsize
Meanwhile, only 19% are planning to expand.
APAC office investment volumes grow 2% to US$23.3b in H1 2024
Investments grew by 5% in Q2 alone.
Canberra Grade B office rents up 0.9% in Q2
Meanwhile, Grade A office rents rose by 2% during the quarter.
Taiwan new office supply reaches 110,668sqm in H1 2024
No more new supply is expected in the second half of the year.