Commercial Office

E-commerce firms in Seoul to move to cheaper regions till H1 2025

They are going after lower rents to achieve financial stability.

Kowloon office leasing transactions drop 25% in September

Small to medium-sized units dominated the leasing market.

Seoul office transaction volume grows 1.6x in Q3

The total transaction value for the first nine months of the year is already 81% of 2023 totals.

Seoul prime office rents up 4.4% in Q3

The rental growth slowed across all major districts.

Seoul prime office vacancy rises to 3.4% in Q3

Net absorption was at -14,200sqm during the quarter.

Hong Kong office market grappling with record high vacancy rates

The vacancy in Central hit a net area of 2.2m sq ft.

APAC prime office rents show signs of bottoming out in Q3

Thanks to record-breaking occupier demand in Indian cities.

Hanoi office supply reaches 2.5m sqm in Q3

Major projects are expected to come online in the near term.

Ho Chi Minh City adds 11,000sqm of new Grade A office supply in Q3

Over 429,000sqm of new office space is expected to materialise until 2026.

Jakarta CBD office occupancy rate reaches 73% in Q3

The occupancy rate outside the CBD was lower at 70%.

Jakarta CBD office supply hits 7.38m sqm in Q3

Outside the CBD, supply reached 3.83m sqm during the same quarter.

Over 3 in 10 APAC firms expect office usage to increase

More than 60% reported stable office attendance.

Bangkok office supply to hit 316,000sqm in 2025

And over 410,000sqm of new supply is expected in the second half of 2024.