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.
Taipei Grade A office vacancy at a record low of 2.1% in Q1
Taipei Grade A office vacancy at a record low of 2.1% in Q1
Market supply is expected to further tighten until 2023.
Tokyo hotel vacancies down to 19.3% in Q1
It was a moderate improvement from the 40% vacancy rate the previous quarter.
Sydney CBD office market records highest prime incentive levels since 2015
Prime incentives reached 31.1% in the Sydney CBD in Q1.
Negative rent growth drags Tokyo retail capital values
Capital values were down 18.1% in Q1, the sixth consecutive quarter of decline.
Which office submarket in Seoul showed the most robust leasing demand?
Net absorption in Yeouido increased the most in Q1.
Melbourne sees largest increase in CBD office stock in three decades
Five more new projects are currently under construction.
F&B retailers drive Jakarta’s positive net demand in Q1
Several businesses opened new stores during the quarter.
Offices to re-emerge in CBDs as companies de-densify post-pandemic
The offices in Central Business Districts will again become social and business hubs, says JLL.
What nudges Asia’s aging buildings into obsolescence?
Outdated properties yield rents 40% lower than their newer counterparts.
Brisbane’s Q1 industrial leasing volumes breaches 10-year first quarter average
All thanks to pent up demand from groups that were hesitant to lease space last year.
How Korea’s flex space market fared amidst the pandemic
Several co-working space operators recently opened new branches.
Vietnam to see more prime apartments at record-high prices this year
For one, Masterise Group’s Grand Marina project is expected to sell at an all-time high of USD 16,000 per sqm.
Manila records lowest residential vacancy since the pandemic hit
Vacancy improved to 9% in Q1 2021, the lowest since Q2 2020.
Hong Kong industrial vacancy rate improves to 2.3% in Q1
Grocery retailers expanded aggressively and there were fewer short-term leases of 6 to 24 months.
Luxury hotels to comprise a third of Kuala Lumpur’s new openings this year
Notable upcoming openings include lyf Raja Chulan Kuala Lumpur and Crowne Plaza Kuala Lumpur City Centre.
Tokyo industrial records sub-1% vacancy rates for sixth consecutive quarter
Greater Tokyo reported a vacancy rate of 0.9% in Q1.
High-end residential launches in New Delhi more than doubled in Q1
Gurgaon accounted for 65% of the new launches’ sales.
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1. 8M Real Estate makes first move into suburban projects 2. Bengaluru gross office leasing volume hits record highs in YTD Sep 3. APAC real estate investment volume hits USD39.5b in Q3 4. Only these two cities recorded Q3 office rental growth in Southeast Asia 5. Hong Kong office rents to decline by up to 5% this yearResource Center
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