Commercial Office
Hong Kong office sector set to favour tenants this year
Hong Kong office sector set to favour tenants this year
Consolidation towards cost-effective options will remain a key trend.
Jakarta CBD Grade A office rents decline 1.9% in Q4
Rents declined at a slower rate compared to previous quarters.
Canberra to see 72,700sqm of new office stock in 2024
Analysts expect tenants to relocate from the older offices to the newer buildings.
Delhi records robust annual office supply of nearly 6m sq ft in 2023
Over 1m sq ft was added in Q4 alone.
Hanoi Grade A office absorption hits 20,100sqm in Q4
This was driven by new high-quality office stock.
Brisbane CBD office vacancy rate hits 4-year low of 11.1% in Q4
Net absorption was at 9,200sqm during the quarter.
Bangkok to see over 450,000sqm new office supply this year
The supply influx is expected to cause vacancy rate to hit 24% by year-end.
Adelaide office absorption tapers off from all-time highs
The city recorded negative absorption in Q4 following the record highs in Q3.
Bengaluru office leasing volume grows 34% in Q4
Net absorption hit a record high in six quarters.
3 trends that prove APAC is at the heart of the office-first hybrid strategy
Four in 5 buildings in the region are 40 years or younger.
Hong Kong Grade A office rents to decline by at least 2% this year
2024 is anticipated to be a tenant-driven market.
Regional political tensions drive Marina Bay office rent surge
Increased prime-grade office rents in Marina Bay precinct reflect regional political tensions.
Seoul office vacancy rates to hold steady until H1 2026
Most vacancies will be taken up by pre-leases.
Kowloon office rents to increase by up to 2% in 2024
The market is expected to continue to improve gradually this year.
Seoul office transaction volumes drop 30% to KRW9.3t in Q4
Withdrawn deals increased due to a mismatch in bid-ask prices.
Singapore office rents inch up by 1.1% in 2023
CBD Grade A office rents are expected to decline by up to 3% this year.
Analysts still bearish about Hong Kong Island’s office market
Vacancy rates in Central is expected to hit record highs this year.
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1. APAC office demand soars by 15.9% to 8.8m sqm in 2024 2. Japan hotel investments account for a fifth of 2024 total property transactions 3. Singapore private home prices to rise by 3-4% in 2025 4. Hong Kong residential sales decline 11.7% to 3,200 transactions in February 5. Singapore resale flat prices record slowest quarterly increase in five quartersResource Center
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