Commercial Office
Jakarta office space demand to hit up to 150,000sqm per year till 2026
Jakarta office space demand to hit up to 150,000sqm per year till 2026
Rightsizing continues to be a trend amongst occupiers.
Mumbai office net absorption up 10% to 2.5msf in Q1
Thanks to a large pre-commitment deal.
Why is Singapore’s office leasing market in limbo?
There are no significant demand drivers replacing the tech firms.
How expensive is an average office fit out in APAC?
Singapore ranks 14th in average fit out cost in the region.
Seoul office transaction volume nearly doubles in Q1 2024
Transactions grew from KRW1.4 trillion to KRW2.51 trillion.
APAC prime office rents decline for seventh straight quarter in Q1
But two cities bucked the trend with record high rental rates.
Brisbane CBD posts highest Q1 office rental growth amongst Australian cities
Net face rents grew by 2.9% in the city during the quarter.
Seoul office vacancy rate set to climb in Q2
This is due to the completion of a major project in Q1.
Bangkok to see over 1.3m sqm new office supply until 2026
A total of 616,700 sqm of new supply expected in 2024 alone.
Why Singapore office demand and rents won’t recover until later this year
Analysts expect demand to remain muted in the near term.
Seoul prime office rents up 5% in Q1
The CBD area still commands the highest nominal rent.
Singapore Q1 Grade A office rents rebound by 0.7%
The rental growth was driven by the premium segment.
Seoul prime office demand reaches nearly 60,000sqm in Q1
Three major districts recorded record absorption levels since Q4 2022.
Why office demand in Bangkok CBD fell to -26,300sqm in Q1
In contrast, net absorption in non-CBD areas hit 20,800sqm.
Office vacancy rate on Hong Kong Island hits a record 12.2% in Q1
Meanwhile, rents dipped by 0.5% during the quarter.
Singapore CBD Grade A office rents inch up 0.5% in Q1
Vacancy rates dropped to 3.6% during the quarter.
Grade A offices outperform other segments in Bangkok
The prime office segment recorded the highest occupancy rate of 80% in Q1.
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