Commercial Office
Singapore CBD Grade A office vacancy declines for third straight quarter in Q3
Singapore CBD Grade A office vacancy declines for third straight quarter in Q3
The vacancy rate reached 6.2% during the quarter.
What was the largest office investment deal in Singapore in Q3?
The transacted price was nearly S$70 million.
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.
Grade A office rents on Hong Kong Island declines by 6.8% in September
Vacancy rates remained high at 13.4%.
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’s office leasing sector remains a tenants’ market
Companies wield strong bargaining power.
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.