Commercial Office
Why office tenants in Singapore won't relocate until 2025
Right-sizing is a more attractive option whilst they adopt a wait-and-see approach.
Why office tenants in Singapore won't relocate until 2025
Right-sizing is a more attractive option whilst they adopt a wait-and-see approach.
Hong Kong Grade A office rents drop 2.3% in Q3
The Central/Admiralty submarket was the main driver of this decline.
Singapore office investment deals hit over S$160m in Q3
The number of transactions declined from 11 in Q2 to just 6 in Q3.
Tokyo tenant relocation trends: Everything you need to know
Majority of the relocations are office consolidations.
Here’s what to expect from Tokyo’s office market for the rest of 2023
Analysts expect its present stable trajectory to continue.
Tokyo Grade A office rents inch up 0.1% in Q3
And average vacancy rates slightly softened to 3.4%.
Guess which area has the highest Grade B office vacancy rate in Tokyo
The vacancy rate was at 8.2% in Q3, and has been consistently high since the pandemic.
Hong Kong Grade A office leasing volume up 32% to 1m sq ft in Q3
There was a significant level of activity in Kowloon East.
Bangkok to see over 400,000sqm of new office supply in 2024
This is expected to drive the vacancy rate to above 29% next year.
Singapore shadow office space halved to 0.33m sq ft in Q3
It was at a record high of 0.7m sq ft in Q1 2023.
Hong Kong Central office rents to decline by up to 8% this year
Whilst overall rents on Hong Kong Island are expected to fall by 3-5%.
Singapore core CBD office rents expected to grow by 2% for full year 2023
Grade A office rents have already risen by 1.3% YTD.
Hanoi CBD office vacancy rate to reach 25.7% by year-end
This is driven by the upcoming new supply of 64,000sqm.
Hong Kong Grade A office rents to drop by up to 5% in H2
Rents are expected to bottom out in the near term.
Jakarta office rents to continue declining in the next 12 months
But it’s expected to do so at a slower rate.
Brisbane CBD prime net effective office rents up 5.1% in Q2
And PNER in the Near City grew 2.0%.
Delhi to see nearly 6m sq ft of new office space this year
Net absorption is expected to hit 5.6m sq ft.
Most Read
1. APAC demand for flex offices up 13% over the past 5 years 2. Japan new hotel supply growth to underperform 10-year average of 3.7% 3. Hong Kong office vacancy rates could surpass 20% by 2027 4. Singapore prime logistics rents up 3.6% in Q1 5. Singapore real estate investment sales to exceed $25b in 2024Resource Center
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EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges
![EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges]()
Co-Written / Partner
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
