Commercial Office
Hong Kong office rents slip 0.1% in July
Vacancy rate rose to 9.6% during the month.
Seoul prime office vacancy hits 13-year low of 4.9% in Q2
Net absorption increased 156,400sqm during the quarter.
Singapore strata office transactions down 15.7% to S$365m in H1
There were fewer strata offices available for sale.
Singapore decentralised office rents to rise 2% in 2023
Rents are expected to grow 3.2% this year.
Singapore business park submarkets register widening rental gap
City Fringe monthly rents are at $6psf whilst Rest of Island are at $3.65psf.
Shinjuku records the largest annual office rent decline in Tokyo
Rents declined 3.3% in Q2.
Singapore office net absorption drops to -76,235 sq ft in Q2
It was a huge decline from the previous quarter’s 265,000 sq ft.
Everything you need to know now about Hong Kong’s office leasing market
Mainland office demand slowed whilst medical groups expanded in fringe Central.
Guess which area in Tokyo has the lowest office vacancy rate
Its vacancy rate contracted 0.1ppts to 1.5% in Q2.
Singapore Grade A office vacancy rate increases to 5.1% in Q2
CBD office rents also rose 1.6% q-o-q.
Mumbai office leasing volume hits 3-year high of 6.39msf in H1
Gross leasing volume was at 2.99msf in Q2 alone.
Singapore Grade A office rents to increase 5.4% this year
Grade B office rents are likewise expected to grow by 2.7%.
This is the prevailing trend in Kowloon’s office property market
Firms are after building upgrades and space optimisation.
HCMC Grade B office net absorption skyrockets to 17,764sqm in Q2
It was a huge jump from the 1,142sqm recorded in Q1.
Delhi office leasing activity up 7.4% to 3.4msf in Q2
Net absorption also increased 1.2% to 1.3msf during the quarter.
Hong Kong Island prime office rents slip 0.7% in H1
But overall rents in Central and Admiralty inched up 0.4%.
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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.
