Commercial Office
Singapore office rents won’t rise until H2 2025
Singapore office rents won’t rise until H2 2025
Total rental growth is expected to range between -1% and 2% for the full year.
Why Singapore now has a delicate balance of power amongst office landlords and tenants
Neither are in a position of dominance, according to analysts.
Kowloon office rents to decline by 2-4% this year
Tenant activity was subdued in November 2024.
Hong Kong to see an influx of 4m sq ft of new offices until 2026
This is expected to put pressure on office rentals.
Manila annual office absorption to rise by 36% from 2025 to 2029
That is compared to absorption levels between 2020 and 2024.
Bangkok to see 550,000sqm of new office space next year
The current supply stands at 6.3m sqm as of Q3 2024.
New office supply in Japan’s regional markets to be moderate in 2025
This should allow existing supply to be absorbed.
Kuala Lumpur office rents to dip in 2026
This is due to an influx of new supply.
Mumbai cumulative office supply to reach 14-15m sq ft in the next two years
Vacancy rates are expected to be within range.
Osaka to see rising office vacancy rates until Q3 2025
And rents are expected to decline gradually.
Singapore CBD office supply to tighten until 2027
New supply won’t rise again until 2028.
Grade A office rents on Hong Kong Island to decline by up to 3% in 2025
The market’s absorption capacity will be tested next year.
Melbourne office demand to turn positive by late 2025
Space rationalisation is likely to continue.
Regional Japanese office markets see rental growth in H2 2024
Rents in Osaka grew by 2.2% HoH.
Hanoi office stock to grow by 7.7% annually until 2029
Nearly 25,000sqm of new supply will enter the market in 2025 alone.
Kuala Lumpur net office absorption to hit 0.2m sq ft next year
Positive absorption is expected to persist in the near term.
Tokyo new office supply to hit a cyclical peak in 2025
Supply will be 50% higher than the 10-year average.
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