Commercial Office
Taipei to see 20,000 ping of new office stock in 2023
Two office projects were postponed to 2024.
Kuala Lumpur to see over 3m sq ft of new office stock by year-end
Though only one completion was recorded in Q1.
Tokyo’s Q1 office absorption more than double that of 2022’s full year figure
Net absorption totalled 116,000sqm in Q1.
Hanoi finally welcomes new Grade A office project after two years
It is a 23,000sqm project located in Dong Da District.
Perth’s office net absorption hits record highs since Q3 2018
The city’s absorption hit 27,200sqm in Q1 2023.
Five projects to add 200,000sqm to Brisbane’s new office supply
The largest project spanning 69,000sqm began construction in Q1.
Bangkok’s prime office net absorption hits 12,600sqm in Q1
Meanwhile, the vacancy rate increased to 19.9%.
Sydney bound to record its lowest office development activity since 2012
Only 19,791sqm of new office stock is expected to be completed in the CBD this year.
Hong Kong overall office rents to rise by up to 5% by end-2023
Though submarkets are still expected to endure some rental pressure.
Melbourne CBD prime office rents dip 0.5% in Q1
Rents in fringe areas fell a further 1.1% in the same period.
Seoul’s Grade A office vacancy now at an all-time low of 1.1%
The vacancy rate has been steadily decreasing since 2021.
Eight new office projects to be completed in Sydney CBD by next year
These projects will add a total of over 212,100sqm to the city’s stock.
Manila records 9,200sqm office absorption in Q1 as occupiers continue to downsize
One firm released 10,000sqm in Taguig City.
Delhi to see almost 7m sq ft of office supply by year-end
Most of the new stock will be in Noida and Gurgaon.
How can APAC CBDs thrive amidst the drastic changes in the way offices are used?
Central business districts need to be reinvented to stay relevant.
Adelaide overall office vacancy rate down to 16.1% in Q1
But prime office vacancies remain elevated at 17.5%.
Why Canberra recorded -1,300sqm office net absorption in Q1
The headline vacancy rate increased to 7.8% in the same period.
Most Read
1. Hong Kong Residency rule could boost office sector 2. Singapore’s residential supply overhang now ‘purged from the system’ 3. Current trends in Kuala Lumpur’s office market revealed 4. Seoul to see over 4,000 new luxury hotel rooms by 2030 5. Bangkok office supply to hit 1.8m sqm by year-endResource Center
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Al Mouj Muscat's Business Park wins Office Development of the Year - Oman at Real Estate Asia Awards 2024
![Al Mouj Muscat's Business Park wins Office Development of the Year - Oman at Real Estate Asia Awards 2024]()
Co-Written / Partner
It sets new standards for office developments with its striking design and strategic location.
It sets new standards for office developments with its striking design and strategic location.
