JLL
JLL is a leading professional services firm that specializes in real estate and investment management. JLL is a Fortune 500 company with annual revenue of $19.4 billion in 2021, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021.
Brisbane industrial transaction volume hits AUD221.8m in Q3
Brisbane industrial transaction volume hits AUD221.8m in Q3
Transactions underperformed the 10-year average of AUD255.4m.
Kuala Lumpur to see over 4.2m sq ft of new retail supply in 2025
Analysts expect an increased pressure on vacancy rates.
Melbourne new warehouse stock in Q3 below 10-year quarterly average
There was only 147,000sqm of new warehouse space.
Bengaluru gross office leasing up 18% to 4.9m sq ft in Q3
This was driven by manufacturing occupiers.
Here’s a rundown of Brisbane’s residential market performance in Q3
New apartment supply remains very low in 2024.In a recent report, JLL said buyer sentiment in the existing housing market in Brisbane has stayed strong, underpinned by a strong inflow of people into the region and also by a lack of available stock in many areas that is keeping competitive tensions high.“New apartment demand is particularly constrained by a lack of available stock, particularly for mass market projects. Sales of luxury apartment projects remain stronger, underpinned by downsizers that continued to be buoyed by strong price growth in existing properties,” the report said.Here’s more from JLL:New apartment supply in Brisbane completions will be higher in 2024 than over recent years, but remains very low. Development conditions remain tough and even securing a builder is a challenge due to so much infrastructure and Olympic work in the pipeline.Rental vacancy remained a low 1.1% in September 2024 (SQM Research). Vacancy has now been around 1% for several years and with little supply relief on the horizon there is unlikely to be much change any time soon.Strong price growth starts to moderateBrisbane existing apartment prices have surged over the past year on the back of limited supply of both new and existing stock and pushed by rising build costs. Nevertheless, the pace of growth is starting to slow.Rents have also surged in Brisbane on the back of tight vacancy the past few years. Nevertheless, affordability is now stretched across many parts of the market and this is increasingly seeing rental growth stall in recent months.Outlook: Supply deficits to buildWhile underlying apartment demand is likely to continue to lift, ongoing tough development conditions will keep new supply levels low, and the supply shortfall is likely to grow increasingly wide.Stretched affordability is likely to remain the only constraint on rents and prices in the near term and the moderation of price growth is likely to continue. However, the increasing supply deficit will likely still support further robust growth over the medium term.Note: Brisbane Residential refers to Inner Brisbane apartments.
Bangkok office supply to hit 1.8m sqm by year-end
The vacancy rate is expected to remain high at 29%.
Cost concerns drive cautious office leasing in Asia-Pacific
High-cost markets see renewed leases, while some push for premium office spaces.
Rich Hong Kong families sell mansions at a loss to repay debt
A stuttering economy has driven some to offload their assets for as low as half the price.
Singapore’s factory, retail spaces shine as housing heads for worst in 16 years
Its manufacturing and tourism rebound will spur demand for industrial and high-street shops.
7 in 10 say cities must offer new experiences to stay relevant: survey
The survey also pointed out five urban living priorities of APAC consumers.
Saudi Arabia real estate market booms amidst strong residential and hospitality performance
The residential sector delivered 27,500 units in Riyadh and Jeddah.
Hybrid work fuels shift to premium offices in Asia
The demand for high-quality and flexible office spaces rises.
Technology transforms real estate with human-centred design focus
Prioritising human experiences in real estate is crucial.
Self-storage firms stand out in the growing industry with added services and amenities
In Singapore, StorHub has introduced online booking for storage spaces of various sizes.
Faster recovery awaits Hong Kong’s high-end hotels
JLL expects the sector’s transaction activity to reach US$1b by Q423.
Bangkok to see over 1,500 new residential units in 2023
A big bulk of these units are in the ultra luxury segment.
New office development lull looms in Sydney this year: JLL
Less than 20,000sqm of new stock is expected to be completed.