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This is due to elevated supply levels and uncertain demand from the Mainland.

The growth will be more prominent in Japan, Australia, and Hong Kong.

Each deal was worth over $100 million.

There were 17 major deals worth over US$12.8m each.

Private equity investors’ interest in offices will drive investment demand.

Savills expects rents of outlying business parks to bottom out soon.

Data centres accounted for 34% of all investments during the quarter.

Luxury brands are still wary of going to the high streets.

Q3 Grade A office rents increased 0.7% for the first time in five quarters.

Average multifamily asking rents dropped 3.6% over the year. 

Rents declined in all major submarkets while Kowloon rents proved more resilient.

Sales were propelled by the residential sector.

22% of all residential launches in H1 2021 were from the affordable segment.

But Colliers says transactions may pick up in Q4.

Occupancy rates increased 0.2ppts to 95.6% in Q3 2021. 

Prices increased by up to 5.8% against the 2.9% overall market growth.