Commercial Office
Seoul office transaction volumes hit US$4.2b in Q3
There were several notable transactions in the prime office segment.
Seoul office transaction volumes hit US$4.2b in Q3
There were several notable transactions in the prime office segment.
Australian office net absorption hits highest levels since 2018
Sydney and Melbourne recorded 24,700sqm and 24,070sqm of absorption in Q3, respectively.
‘Recentralisation' trend now more evident in Hong Kong’s office market
Prime office rents saw a quarterly increase of 2.6%, signalling an improved leasing momentum in the CBD.
Hong Kong prime office rents record slowest rate of decline since 2019
Q3 rents slipped 1% in Hong Kong, whilst the rest of APAC markets saw uneven recovery.
Jakarta office rents on a downward streak for over two years now
But rental declines are now slowing with only a 0.6% drop in Q3.
New Delhi gross office leasing surges 40% in Q3
One-fifth of the transactions were term renewals.
Jakarta’s office supply to be halved by end-2021
Total supply will grow 1.6% this year, but it will be 50% lower than last year.
Hong Kong office rents to drop by 10% in 2022
This is due to elevated supply levels and uncertain demand from the Mainland.
Have Singapore office rents bottomed out yet?
Q3 Grade A office rents increased 0.7% for the first time in five quarters.
Hong Kong Grade A office rents slip 1.5% in Q3
Rents declined in all major submarkets while Kowloon rents proved more resilient.
Singapore office investment volumes drop 59.7% to US$381m in Q3
But Colliers says transactions may pick up in Q4.
Tokyo Grade B office rents decline 8.4% in Q3
And vacancy rate hit 3.3%.
Singapore Grade A office rents to jump by up to 30% by 2025
JLL reveals the reasons behind this optimism.
Why Tokyo’s Grade A office sector could gradually improve in the coming months
Shibuya only recorded a minor correction of 0.5% in Q3.
Hong Kong Grade A office sector sees ‘longest local market downcycle in history’: CBRE
Q3 marked the eighth consecutive quarter of negative net absorption.
What will drive Singapore’s office space demand post-pandemic?
Co-working operators expand their portfolios as demand for flex spaces grow.
Singapore Grade A office rents to increase by up to 30% by 2025
Demand is expected to come from growth sectors including fintech and healthcare.
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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.
