Commercial Office
Seoul office transaction volumes drop 30% to KRW9.3t in Q4
Seoul office transaction volumes drop 30% to KRW9.3t in Q4
Withdrawn deals increased due to a mismatch in bid-ask prices.
Singapore office rents inch up by 1.1% in 2023
CBD Grade A office rents are expected to decline by up to 3% this year.
Analysts still bearish about Hong Kong Island’s office market
Vacancy rates in Central is expected to hit record highs this year.
Seoul prime office rental growth slows to 4.8% in Q4
This is from a 7.1% growth recorded in the previous quarter.
Asking prices for Jakarta CBD offices rise 2% in 2023
Prices hit approximately USD3,600.
Seoul prime office net absorption hits 20,000sqm in Q4
The vacancy rate slightly declined to 3.1% during the quarter.
APAC rental rates continue decreasing in Q4 2023
The Asia-Pacific office market will continue to favour tenants in 2024.
Jakarta CBD cumulative office supply now at 7.4m sqm
Supply is also expected to increase significantly outside the CBD.
Jakarta has nearly 3 million sqm of unabsorbed office space in 2023
Almost 70% of these are located in the CBD
Hong Kong office rents to decline by 5-10% this year
Landlords will continue to be competitive as high vacancy rates persist.
Osaka’s office market could be ‘challenging’ in 2024: Savills
Many properties will likely face increased competition for tenants.
Guess which APAC city saw the steepest decline in prime office rents in Q4
The overall APAC prime office rental index fell 2.4% in 2023.
APAC office demand to reach pre-pandemic levels in 2024
This demand will be driven by strong growth in India, recovery in China and steady demand in other markets in APAC.
How are investments in regional Japanese office markets faring?
Find out more about a few big-ticket deals closed recently.
Mumbai sees record high quarterly office leasing volume in Q4
Gross leasing volume hit over 5msf during the quarter.
Here’s what to expect from regional Japanese office markets this year
Osaka will be in focus as massive amounts of supply are slated for completion.
Full recovery still far off on the horizon for Tokyo’s office market
Multiple uncertainties are delaying the progress.
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He shares his insights on how Asia’s real estate players can maintain profitability whilst navigating intersecting industry pressures.
