Commercial Office
Seoul prime office vacancy rate falls to 3.3% in Q3
Seoul prime office vacancy rate falls to 3.3% in Q3
All major districts in the city saw declines in vacancy rates.
How much do you need now to fit out an office in APAC?
Fit out costs in APAC grew 4.5%, with the biggest increases seen in Australia, Singapore, Malaysia, and South Asia.
Manila to see 808,900 sqm of new office space this year
The vacancy rate is forecast to hit 18.2% by year-end.
Korea office transaction volumes hit USD2.2b in Q3
One of the major transactions is a USD532m deal for Shinhan Investment Building.
Learn more about the diverging trends emerging in Tokyo’s Grade A office market
In Q3, the vacancy rate increased to 4.1% whilst rents decreased by 13.2%.
What does recovery look like for Tokyo’s office submarkets?
Savills says submarkets that saw larger corrections will continue to have hard times ahead.
These firms recently moved to higher quality offices in Hong Kong
Invesco relocated its headquarters to a 33,000sq ft lease in Jardine House.
Guess which APAC city had the highest prime office rental growth in the region in Q3
Rents grew 12.1% in this city year-on-year.
Singapore’s office takeup forecast to double in 2022
Thanks to robust positive net absorption in the third quarter.
Office leasing in Delhi NCR up 6% to 3.63m sq ft in Q3
IT and professional services accounted for 41% of all leasing activity.
Mumbai gross office leasing volume hits record highs in Q3
Leasing volume grew 41% to 4.23m sq ft during the quarter.
Singapore CBD Grade A office net demand at an all-time high since 2019
Net demand hit 580,000 sq ft in Q3 2022.
Which Australian city recorded its largest quarter of net office absorption this year?
Net absorption hit 20,000sqm in Q3.
Hong Kong Grade A office vacancy hits record high of 14.1% in Q3
The total vacant space reached 11.9m sq ft of vacant space during the quarter.
Hong Kong office rents now 30% below 2019 peak levels
Rents are expected to continue on this downward trend for the coming months.
Hong Kong office vacancy rate hits 10.5% in September
This is due to new completions in the month.
Will Jakarta office prices hold steady till the end of the year?
Strata office prices are currently at IDR55.7m/sqm in the CBD.
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1. 8M Real Estate makes first move into suburban projects 2. Bengaluru gross office leasing volume hits record highs in YTD Sep 3. APAC real estate investment volume hits USD39.5b in Q3 4. Only these two cities recorded Q3 office rental growth in Southeast Asia 5. Hong Kong office rents to decline by up to 5% this yearResource Center
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