Commercial Office
Bangkok office demand declines after seven consecutive quarters of increase
Bangkok office demand declines after seven consecutive quarters of increase
Net absorption was at -5,500sqm in Q1.
APAC prime office rents drop for the seventh consecutive quarter
Rents declined by a steeper 3.2% in Q1.
Singapore office vacancy rate hits record low in over 7 years
Vacancy rates in the Central region fell to 9.3% in Q1.
Vacant offices in Asia prompt investors to diversify
Investors shift strategies in response to rising vacancies.
Hong Kong office vacancy rates could surpass 20% by 2027
That is if annual take-up only reaches 0.5m sq ft.
APAC demand for flex offices up 13% over the past 5 years
Auckland and Seoul saw the strongest growth in demand.
Tokyo to see new office supply influx in 2025
Analysts expect sound demand in the office market.
Everything you need to know about satellite offices in Tokyo
Companies with satellite offices in Japan tripled between 2017 and 2023.
Hong Kong Q1 Grade A office absorption reaches record highs since 2018
Net absorption totalled 612,000 sq ft in Q1.
Diverging trends in Tokyo’s Grade B office market revealed
Find out what trends are evident in Tokyo’s central five wards.
APAC annual office demand to hit up to 5m sqm for the next three years
This will be due to the offshoring market more than doubling to USD185b by 2032.
Seoul office rents to rise by 4-5% this year
Vacancy will only start to increase from 2026.
2024 set to be a ‘quiet year’ for Tokyo’s Grade A office market
A significant supply uptick will not occur until 2025.
Seoul office vacancy rates to remain low for the next two years
This is due to the absence of new supply in 2025.
APAC office demand rises with offshoring growth
Expansion driven by skilled labour and cost efficiencies.
Singapore Q1 office rents hit record highs since 2008
Rents climbed 1.3% to SGD 11.42 per sq ft per month.
Why Seoul’s office market is still performing better vs APAC neighbours
The city’s transaction volume declined at a slower rate compared to other markets.
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1. Investors turn to safe-haven branded homes 2. APAC office demand soars by 15.9% to 8.8m sqm in 2024 3. Japan hotel investments account for a fifth of 2024 total property transactions 4. Singapore private home prices to rise by 3-4% in 2025 5. Hong Kong residential sales decline 11.7% to 3,200 transactions in FebruaryResource Center
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