Commerical Office

23 Feb 21
A total of 366,200 sq ft of Grade A office space was withdrawn last month.
23 Feb 21
The first significant office project is a 60,000sqm commercial tower above Victoria Cross station.
23 Feb 21
JLL says we are entering the ‘golden age of the worker’.
23 Feb 21
Mumbai and Hong Kong recorded the most declines of 5.5% and 4.1%, respectively.
22 Feb 21
Annual net absorption was −1,769,900 sq feet in 2020.
19 Feb 21
More than half of the Grade A supply in the second half of 2020 was already pre-committed.
17 Feb 21
Vacancies increased 11.9% and 19.1%, respectively.
17 Feb 21
Two Chinese Mainland financial companies leased an entire floor in Two IFC.
17 Feb 21
Leasing activity was led by Bengalaru.
15 Feb 21
Rising supply will also lift vacancies in Tokyo, Asia’s largest office market.
11 Feb 21
The shift to a hybrid work model is forcing landlords to upgrade office spaces.
10 Feb 21
Almost a quarter of these transactions are attributable to 4 new office projects.
8 Feb 21
Meanwhile, Vietnam and Japan attract investors in the logistics sector.
2 Feb 21
JLL says both employers and employees themselves still don't know exactly what they want.
2 Feb 21
That is compared to the 5-year average of 11.3m sq ft.
28 Jan 21
The decline in rents has abated in recent months as the initial phase of sharp rental corrections ends.
28 Jan 21
Mizuho will trim 16,800 sqft in Asia Square Tower 2 and Sompo Insurance trimmed 40% of its office space at Singapore Land Tower.
28 Jan 21
Occupational demand in the KL Fringe was also under pressure at 85.8%.
27 Jan 21
The shift to online shopping will reduce demand for retail space, a credit negative as per Moody’s.
26 Jan 21
Asking rents prime space in KL City range from RM5.50 per sq ft to RM12.00 per sq ft per month.
26 Jan 21
Global investors look favourably towards Australia because of its stability and handling of COVID-19.
26 Jan 21
At the start of 2021, the real estate industry has a lot to mull over.
14 Jan 21
Now-flexible landlords are now willing to accept such businesses as tenants under these testing times.
14 Jan 21
Wanchai/Causeway Bay and Island East recorded the highest vacancy rates since 2010.
13 Jan 21
Meanwhile, vacancy rates are at their highest in 3 years.
11 Jan 21
Being located within Tokyo’s central five wards alone will no longer suffice as a feature to attract new tenants.
7 Jan 21
The work-from-home setup is not likely to significantly reduce demand.
7 Jan 21
80% of the new supply (11.4 million sq ft) will be in Kuala Lumpur.
5 Jan 21
Savills foresees a divergence of vacancy where secondary stock will find it difficult to compete.
3 Jan 21
Occupiers will likely move to smaller spaces in the modern buildings currently under construction.
3 Jan 21
Meanwhile, overall Kowloon office rent is expected to inch up by 1-3%..
28 Dec 20
Leasing activity and market conditions are likely to remain weaker than they were before the pandemic.
28 Dec 20
China is forecast to overtake the US as the world’s largest economy by mid-2030.
28 Dec 20
The overall space available for leasing continued to tighten as one building was withdrawn.
28 Dec 20
The leasing demand was still concentrated in the public sector.
22 Dec 20
Blame it on the impacts of COVID on corporate expansion.
22 Dec 20
Prime net effective rents declined -12.5% due to a 5.5-ppt increase in incentives.
22 Dec 20
Thanks to affluent liquidity coupled with the record-low interest rate of 0.5%,.
21 Dec 20
CBD vacancy rose from 7.7% to 11.3% in Q3, the largest vacancy result since 1Q 2000.
19 Dec 20
But vacancies will improve moderately to 10% by end-2020.