Cushman and Wakefield

Nearly 25,000sqm of new supply will enter the market in 2025 alone.

Positive absorption is expected to persist in the near term.

Supply will be 50% higher than the 10-year average.

And vacancy is expected to decline.

The market will have time to absorb the existing supply.According to data from Cushman and Wakefield, in 2024, the Sydney market saw an addition of 176,000 sqm of new office space, primarily from the completion of the North Tower and South Tower at Metro Martin, which are largely pre-committed.

Thanks to rising occupier demand.According to a Cushman and Wakefield report, between 2023–24, office rents in Delhi NCR showed steady growth, scaling pre-COVID levels.

Its manufacturing and tourism rebound will spur demand for industrial and high-street shops.

Nearly 60% of all fund flows were equity investments. 

The tech industry accounted for 40% of the demand for office space, up from 20% in 2019.

Gross face rents are still at $1,355 sqm per annum on average.

It surged 77% to 12.2 million square feet during the quarter.

Singapore ranked as the region’s top data centre market.

Leasing activity reached 2 million sq ft in the second half of the year.

Leasing volume hit 10.42msf, nearly half of which are fresh leases.

Transaction volume reached 4.1 million square feet.

A total of 19,307 units were launched in Q4 2021, 55% of which were from the mid segment.