In Focus

The average transaction size was at 9.6 desks.

Rents may have reached a plateau, but this one factor also needs to be discussed.

Recovery won’t begin until the first half of 2024.

This is despite a slight improvement expected across some markets.

Overall rents in APAC increased 10.4% during the same period.

Mumbai clinched the second spot with a 4.3% growth in H1.

Fintech firms accounted for 25-40% of office leasing in Mumbai in the last two years.

Excess supply across APAC is expected to be the lowest globally.

Japan accounted for over half of the investments during the first half.

Rental growth is a significant contributing factor. 

Despite firms’ plans to reduce office footprint, there will still be a net increase in office demand.

Knight Frank advised that freehold properties are a popular investment.

Three residential developments will be launched for sale this month.

The market is set to have 3,000 additional keys by the end of the year.

Central business districts need to be reinvented to stay relevant.

Japan is expected to lead in Q2, then Hong Kong in Q3.