Commercial Office
Key trends in Jakarta’s flex office space market
Flex offices account for 5.2% of the total leased space in Sudirman CBD as of Q1.
Key trends in Jakarta’s flex office space market
Flex offices account for 5.2% of the total leased space in Sudirman CBD as of Q1.
Office vacancy trends in Tokyo’s major office markets
Vacancy is at a low 1.9% in Otemachi/Marunouchi where many domestic companies are headquartered.
Hong Kong office rents rebound to late-2021 levels in April
Rents in Central inched up 0.9% to HK$114.5 per sq ft.
This Hong Kong submarket had the highest office vacancy rate in April
The vacancy rate for this submarket reached 12.8% last month.
Philippine office leasing volume surges 75% in Q1
Leasing volumes hit 132,385 sqm during the quarter.
Singapore CBD office rents increase for the first time since 2019
CBD Grade A office rents are up 0.7% to S$9.44psf in Q1 2022.
Net takeup of Indonesian non-CBD offices surges by 85% in Q1
But the country’s residential sector is leading growth in the property market.
Why Chennai outperforms its southern counterparts as an office market
Before the pandemic hit, office space demand surged 107% across 2018 and 2019.
What is the two-tier market now forming in Singapore’s office sector?
Landlords are bullish about the rental trajectory in one of the two tiers.
Singapore Grade A office vacancy up 1.6ppts to 7.2% in Q1
Despite this, net take-up of office spaces remained positive for the third consecutive quarter.
Flex space operators’ office leasing demand in India more than doubled in Q1
These operators accounted for 13% of the total leasing volume during the quarter.
India gross office leasing volume slips 9% to 14.7msf in Q1
Fresh leasing and pre-commitments together accounted for 81% of the demand.
Australian office vacancy rates record improvements in Q1
Sub-lease vacancy fell 1.7% in Sydney CBD and 2.6% in Melbourne CBD.
How much of Brisbane’s vacant office spaces are truly lettable?
Vacancy rates hit 14.9% in Q1, not far from the relatively high 10-year average of 14.3%.
Korea’s Q1 office transaction volume hits USD3.6b
The largest deal that is still ongoing is worth USD3.2b.
Manila net office take-up to reach 3.3m sq ft this year
And residential vacancy rates could ease to 16.2%.
Office vacancy rate in Hong Kong Central stable at 7.2% in March
Vacancy rates in Admiralty and Wan Chai were at 8.4% and 11.2%, respectively.
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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.
