Commercial Office
Tokyo Grade A office vacancy rate hits 4-year low in Q1
Tokyo Grade A office vacancy rate hits 4-year low in Q1
Vacancy levels slipped to 1.7% during the quarter.
APAC office demand surges to 8.8m sqm in 2024
India, Australia, and Japan led demand in the region.
Seoul’s 2025 office investment volumes to breach 2024 totals
Transaction volume is expected to reach KRW 13 trillion this year.
Seoul’s landlord-favourable office market to persist in 2025
But tenant fatigue may constrain demand.
Seoul office transaction volume surges 24% in 2024
Total investments hit KRW 11.6 trillion during the year.
Seoul prime office absorption underperforms 10-year average
Absorption only reached 133,300sqm in 2024.
From petri dish to playbook: What the great global workplace experiment taught us
Many Asia Pacific markets were first to return to the office, buoyed by strong public health responses, compact commutes, and a cultural emphasis on...
APAC office demand soars by 15.9% to 8.8m sqm in 2024
India, Australia, and Japan led the market.
Grade A office rents on Hong Kong Island down 4.3% in February
Smaller office spaces drove leasing demand.
Kowloon office relocations drop by 19% in February
But average rents for relocations increased by 10%.
Over half of APAC office spaces now green-certified
Australia’s major cities continue to lead green adoption across all building grades.
Sydney CBD office vacancy rate to stabilise in 2025
Only two new major projects are expected to be completed this year.
Taipei to see 36,000ping of new Grade A office supply this year
Analysts expect absorption challenges to arise as new supply increases.
Perth office rents to grow by 6% annually until 2029
There is robust demand but only a limited supply.
Osaka net office absorption hits an all-time high of 210,000sqm in 2024
New office stock also reached a record high of 270,000sqm during the year.
Melbourne records over 300,000sqm of new office projects under construction
But only 34% is anticipated to materialise in 2025.
Mumbai annual office supply hits 7.6m sq ft in 2024
Over 1.6m sq ft was added in Q4 alone.
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1. Singapore is the priciest flex office market in APAC 2. China new home sales are set to fall as values drop to 7-8% 3. Mumbai to see 1.9m sq ft of new premium retail stock over the next four years 4. Mumbai gross office leasing hits 2.44m sq ft in Q3 5. Around 5,000 new prime apartments to enter the Ho Chi Minh City market in 2025Resource Center
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