Commercial Office
This deal had a significant impact on Hong Kong’s office leasing market
This deal had a significant impact on Hong Kong’s office leasing market
It’s the largest single leasing agreement over the last decade with its monthly rent of HK$30m.
Kowloon office rents to decline by 9% to 11% this year
Oversupply still persists in the market.
Hong Kong Island Grade A office rents to decline by up to 3% in 2025
There is only one project scheduled for completion in the second half of the year.
Tokyo Grade A office rents rise for the fifth straight quarter in Q1
Rents increased by 4.9% by the end of the quarter.
Perth prime office rents to average 5.5% annually from 2026 to 2031
And investor appetite is expected to improve over the short term.
Eight office projects currently under construction in Sydney CBD
These projects will add 244,100sqm to the city’s stock.
Seoul office vacancy rate down to 2.8% in Q1
Yeouido saw the largest improvement in vacancies.
Taipei office leasing volume hits 10,900ping in Q1
This reflects an 18% increase from the prior quarter.
Melbourne CBD net office absorption reaches 34,600sqm in Q1
Tenants that needed large spaces drove demand.
Osaka office rents rise 5.2% in Q1
More landlords are increasing rent levels as vacancies decrease.
Mumbai office vacancy rate hits record lows in Q1
Vacancy dropped to 11.9% during the quarter.
Manila to add 245,000sqm of new office space this year
This addition is expected to challenge the current vacancy levels.
Jakarta office vacancy rate to dip to 34% by end-2025
Limited new supply is expected through 2025 and 2026.
Bangkok to see 524,000sqm of new office supply this year
It is an unprecedented volume of new supply for the city.
Hong Kong office rents decline by 1.3% in Q1
There were blanket declines across all submarkets during the quarter.
Canberra net office absorption hits 4,400sqm in Q1
Smaller tenants drove the positive demand.
Delhi office absorption set to reach up to 9.5m sq ft by end-2025
Absorption hit 3.7m sq ft in Q1 alone.
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