Commercial Office
Hanoi Grade A office rents to grow by less than 1% by year-end
And vacancy is expected to rise significantly.
Hong Kong Grade A office rents down 2.3% in Q3
Hong Kong East saw the steepest decline of 4.6%.
Delhi gross office leasing volume hits nearly 3m sq ft in Q3
Net absorption rose to 1.7 million sq ft during the quarter.
Ho Chi Minh City’s Grade A office supply hits 456,200sqm in Q3
Thanks to the launch of units in The Hallmark and The METT.
Adelaide office sector records highest net absorption since 2008
Net absorption was at 37,500sqm in Q3.
Bangkok prime office rents inch up 0.3% in Q3
New completions drove the rise in gross rents.
Canberra office market registers negative demand in Q3
Net absorption hit -24,200 during the quarter.
Bengaluru office space supply hits 2-year high in Q3
Supply grew by 133% compared to the prior quarter.
Brisbane CBD office vacancy rate hits record lows since 2019
The vacancy rate declined to 11.5%, the lowest since Q3 2019.
Office rents on Hong Kong Island slip 0.3% in October
Central saw the biggest fall of 0.5%.
Bangkok to see nearly 500,000sqm of new office supply in 2024
It’s an increase from the projected 345,000sqm of new supply for 2023.
Indian office sector records highest net absorption of the year in Q3
Net absorption was at 8.3msf in Q3, the highest in 2023.
What does the future look like for Thailand’s office property market?
Landlords are increasingly adopting the build-to-suit and ready-to-move-in models.
India gross office leasing volume down 13% to 15.1msf as of Q3
Mumbai experienced the strongest leasing volume growth.
Grade B offices in Bangkok outperform other segments in Q3
It was the only segment to increase its occupancy rate.
India’s new office supply declines 9% to 10.7msf in Q3
This brings the total completions to 29.5msf year-to-date.
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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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