Commercial Office
Hong Kong Island to see around 3.5m sq ft of new office supply by 2025
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.
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