Commercial Office
Full recovery still far off on the horizon for Tokyo’s office market
Full recovery still far off on the horizon for Tokyo’s office market
Multiple uncertainties are delaying the progress.
Tokyo’s limited 2024 supply forecast to help stabilise the office market
The pipeline for this year is only a third of the 2023 level.
This area was the standout performer in Tokyo’s office market in 2023
It had the lowest vacancy of 1.6% in Q4 2023.
Tokyo Grade B office rents inch up 0.5% in Q4
Shibuya and Shinjuku saw the largest quarterly rise.
Hong Kong Island office rents decline 2% in November
Wan Chai outperformed the other business districts.
Tokyo Grade A office rents rise for second quarter in a row in Q4
Rents in the central five wards grew by 0.5%.
Delhi gross office leasing volume hits 3.7msf in Q4
This is the highest recorded volume in 2023.
Japanese investors shift focus to APAC’s alternative assets amidst high interest rate
Japanese investors are actively seeking higher returns within the Asia-Pacific region.
Why APAC is well-positioned to build an ESG-compliant office portfolio in 2024
80% of buildings in the region are 40 years or younger.
Taipei CBD to see 39,000 ping of new gross leasable office space in 2024
Rents are expected to continue rising until 2027.
Singapore office completions to hit 7-year high in 2024
Two major projects are expected to be completed next year.
Osaka office rents decline by 2.9% in Q3
There is significant supply expected by next year, causing rents to trend lower.
Perth CBD office demand grows for eighth consecutive quarter
Net absorption hit 22,300sqm in Q3.
Office, multifamily sectors see most drop in investments
Investment in office and multifamily sectors plummet amid rising interest rates and economic uncertainty, with strategies for recovery in focus.
Sydney CBD records steepest negative office demand in Q3
Net absorption in the area was -25,100sqm during the quarter.
Tokyo’s 2023 new office supply expected to reach record levels
It’s set to be the second largest supply volume according to JLL data.
Seoul’s Grade A office leasing market remains healthy despite negative absorption
Demand in Gangnam reached record highs since Q1 2022.