Commercial Office
Tokyo Grade A office vacancy rate hits 8-year high in Q3
The vacancy rate rose 1.1ppts to 4.1%, the highest since 2014.
Tokyo Grade A office vacancy rate hits 8-year high in Q3
The vacancy rate rose 1.1ppts to 4.1%, the highest since 2014.
Jakarta CBD’s office supply to hit 7.1m sqm by year-end
And supply will be at 3.8m sqm outside the CBD.
Singapore office sector to be a “landlord’s market” going into next year
Rents are expected to rise by up to 5% for this year.
Bangkok new office supply to hit 426,000sqm in 2023
New supply is expected to reach 377,000sqm by end-2022.
Why the next 3 years are crucial for the office property sector
Over half of APAC firms say remote working is likely to be available to all by 2025.
Office rents on Hong Kong Island down 1.5% in August
Island East recorded the biggest decline.
Bangkok Grade B office occupancy rate hits record low of 74%
This reflects a 6.8% decline compared to Q2 2021.
Hong Kong Grade A office vacancy reaches a record 11.3m sq ft in August
Nearly 10% of all Grade A office occupiers downsized in the last three years.
Singapore Grade A office rents hit 14-year high in Q3
Monthly rents rose 2.9% to SGD11.06 per sq ft, surpassing the pre-pandemic peak.
What you need to know about Mumbai’s new office stock
Non-IT spaces are set to dominate the market.
Taipei Grade A office vacancy rate hits a record low of 2%
It is expected to remain stable over the next three years.
Tokyo office vacancy rate rises for the first time in two quarters
It increased 40bps to 3.4% in Q2.
Sydney CBD’s total office space stock now at 5.2m sqm
The Quay Quarter Tower recently added 88,000 sqm of premium office space.
Seoul Grade A office vacancy rate hits 13-year low of 3.9%
The city’s vacancy now hovers below the natural vacancy rate.
Osaka gross office rents down 0.7% in Q2
Rents averaged JPY 22,885 per tsubo per month.
Melbourne CBD office vacancy hits 15% in Q2
This is almost as high as the record levels in 1999.
Office leasing activity in Kowloon, Hong Kong to rebound by year-end
Leasing demand in July was focused on smaller transactions.
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1. APAC demand for flex offices up 13% over the past 5 years 2. Japan new hotel supply growth to underperform 10-year average of 3.7% 3. Hong Kong office vacancy rates could surpass 20% by 2027 4. Singapore prime logistics rents up 3.6% in Q1 5. Singapore real estate investment sales to exceed $25b in 2024Resource Center
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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.
