Commercial Office
Hong Kong Island to see around 3.5m sq ft of new office supply by 2025
Grade A office rents are likely to grow by up to 10% this year.
Hong Kong Island to see around 3.5m sq ft of new office supply by 2025
Grade A office rents are likely to grow by up to 10% this year.
Osaka gross office rents slip 0.7% in Q1
Rents hit an average of JPY 23,057 per tsubo per month.
Mumbai to see 6m sq ft of new office space this year
There was a total of 2m sq ft of new supply added in Q1 alone.
Canberra office vacancy rate hits 14-year low of 5.5% in Q1
Net absorption reached a total of 12,600sqm during the quarter.
Melbourne CBD office vacancy slips 0.2ppts to 14.8% in Q1
The city recorded negative net absorption during the quarter.
Taipei Grade A office rents to increase 2-4% in three years
The Xinyi District is leading rental growth.
Tokyo office rents continue downward streak for eight consecutive quarter
Rents slipped 1.2% in Q1 2022.
Sydney net office absorption drops to -8,900sqm in Q1
Blame it on major occupiers vacating their offices.
Seoul’s Q1 office leasing activity “outstanding”: JLL
Net absorption has been positive for the past eight quarters.
Perth CBD office vacancy rate up 0.6ppts to 19.7% in Q1
New office stock completions drove vacancies up.
Manila net office absorption finally turns positive in Q1 at 216,900sqm
Net absorption has been negative for four consecutive quarters.
Flight-to-quality still dominates Kuala Lumpur’s office market
Various submarkets continue to experience this trend.
Jakarta office rents down 2.8% in Q1
Rents are expected to continue on a downward trend for the rest of the year.
Bangkok Grade A office vacancy rate to hit 20.3% by year-end
Tenants are expected to continue moving out of older prime buildings.
Hanoi Grade A office rents inch up 0.1% in Q1
Net effective rents were at USD 26.8 sqm per month.
New Delhi prime office net absorption down 5% to 1.34m sq ft in Q1
Gurgaon accounted for over half of the net absorption during the quarter.
How Seoul’s office property market is set for a robust investment growth
The office sector accounted for half the total investment transactions last year.