Commercial Office
4 key demand drivers for Singapore's office market in 2021
4 key demand drivers for Singapore's office market in 2021
Net absorption is expected to rebound this year.
APAC office leasing volumes down 25% in 2020
Leasing recovery will depend heavily on the efficacy of vaccination programs this year.
Indonesian office tenants downsizing by up to 30% upon lease renewal
They’re also asking for further lease flexibility to manage risks.
Singapore office rents could “fare better than anticipated” in 2021: Savills
Headline CBD Grade A office rents are projected to fall by 5% to 6% this year..
Healthcare players to take over office spaces vacated by banks in Hong Kong
More banks and corporates are cutting their real estate footprint.
Find out how APAC prime property markets fared in H2 2020
Only Taipei and Shanghai reported prime office rental growth of 0.9%.
13 real estate themes to watch out for as Melbourne recovers post-pandemic
Stakeholders in Melbourne’s property markets have reason to be optimistic.
North Sydney to see new wave of office supply with metro developments underway
The first significant office project is a 60,000sqm commercial tower above Victoria Cross station.
Hong Kong office net absorption at its lowest level since 2001
Annual net absorption was −1,769,900 sq feet in 2020.
Professional sector buoys office leasing activity in Hong Kong CBD
Two Chinese Mainland financial companies leased an entire floor in Two IFC.
APAC office vacancies to reach a peak of 15% by end-2023
Rising supply will also lift vacancies in Tokyo, Asia’s largest office market.
Landlords splurge on office renovations to coax tenants out of remote working
The shift to a hybrid work model is forcing landlords to upgrade office spaces.
New Delhi's office leasing volume down 26.5% to 8.3m sq ft in 2020
That is compared to the 5-year average of 11.3m sq ft.
Kuala Lumpur's office occupancy rate at a record low of 69.1% in 2H 2020
Occupational demand in the KL Fringe was also under pressure at 85.8%. The cumulative supply of office space in Klang Valley stood at circa 109.5...
How APAC property companies are affected by rising social risks post-pandemic
The shift to online shopping will reduce demand for retail space, a credit negative as per Moody’s. Moody’s Investors Service says in a new report...
3 reasons why concerns over Singapore's office market are misplaced
The work-from-home setup is not likely to significantly reduce demand. When COVID hit the world, the accompanying lockdowns brought the term Work(ing...
Singapore office market still mired in uncertainties
CBD Grade A office rents may settle at a lower baseline, says Savills. Grade A CBD offices saw occupancy levels decline from 94.3% in Q2/2020 to 93%...
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