Commercial Office
Seoul office transaction volume nearly doubles in Q1 2024
Transactions grew from KRW1.4 trillion to KRW2.51 trillion.
Seoul office transaction volume nearly doubles in Q1 2024
Transactions grew from KRW1.4 trillion to KRW2.51 trillion.
APAC prime office rents decline for seventh straight quarter in Q1
But two cities bucked the trend with record high rental rates.
Brisbane CBD posts highest Q1 office rental growth amongst Australian cities
Net face rents grew by 2.9% in the city during the quarter.
Seoul office vacancy rate set to climb in Q2
This is due to the completion of a major project in Q1.
Bangkok to see over 1.3m sqm new office supply until 2026
A total of 616,700 sqm of new supply expected in 2024 alone.
Why Singapore office demand and rents won’t recover until later this year
Analysts expect demand to remain muted in the near term.
Seoul prime office rents up 5% in Q1
The CBD area still commands the highest nominal rent.
Singapore Q1 Grade A office rents rebound by 0.7%
The rental growth was driven by the premium segment.
Seoul prime office demand reaches nearly 60,000sqm in Q1
Three major districts recorded record absorption levels since Q4 2022.
Why office demand in Bangkok CBD fell to -26,300sqm in Q1
In contrast, net absorption in non-CBD areas hit 20,800sqm.
Office vacancy rate on Hong Kong Island hits a record 12.2% in Q1
Meanwhile, rents dipped by 0.5% during the quarter.
Singapore CBD Grade A office rents inch up 0.5% in Q1
Vacancy rates dropped to 3.6% during the quarter.
Grade A offices outperform other segments in Bangkok
The prime office segment recorded the highest occupancy rate of 80% in Q1.
Bangkok office demand declines after seven consecutive quarters of increase
Net absorption was at -5,500sqm in Q1.
APAC prime office rents drop for the seventh consecutive quarter
Rents declined by a steeper 3.2% in Q1.
Singapore office vacancy rate hits record low in over 7 years
Vacancy rates in the Central region fell to 9.3% in Q1.
Vacant offices in Asia prompt investors to diversify
Investors shift strategies in response to rising vacancies.
Most Read
1. APAC office demand surges to 2.2m sqm in Q3 2. Singapore private residential vacant stock grows by 18.8% in Q3 3. Hong Kong to see nearly 3,000 new hotel rooms for remainder of 2024 4. Singapore CBD Grade A office demand could remain weak until 2026 5. Australian CBD markets record mixed signals for office demand in Q3Resource 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.
