News
Sydney bound to record its lowest office development activity since 2012
Sydney bound to record its lowest office development activity since 2012
Only 19,791sqm of new office stock is expected to be completed in the CBD this year.
Tokyo industrial vacancy rate hits 8.1% in Q1
The last time vacancy rates were above 8% was in Q1 2016.
Hong Kong overall office rents to rise by up to 5% by end-2023
Though submarkets are still expected to endure some rental pressure.
Melbourne CBD prime office rents dip 0.5% in Q1
Rents in fringe areas fell a further 1.1% in the same period.
Seoul’s Grade A office vacancy now at an all-time low of 1.1%
The vacancy rate has been steadily decreasing since 2021.
Eight new office projects to be completed in Sydney CBD by next year
These projects will add a total of over 212,100sqm to the city’s stock.
Manila records 9,200sqm office absorption in Q1 as occupiers continue to downsize
One firm released 10,000sqm in Taguig City.
Delhi to see almost 7m sq ft of office supply by year-end
Most of the new stock will be in Noida and Gurgaon.
Adelaide overall office vacancy rate down to 16.1% in Q1
But prime office vacancies remain elevated at 17.5%.
Why Canberra recorded -1,300sqm office net absorption in Q1
The headline vacancy rate increased to 7.8% in the same period.
Grade A office rents in Ho Chi Minh City slip 0.5% in Q1
In 2023, CBD monthly rents are expected to decline 4.6% y-o-y to USD 45.6/sqm.
This office building was the only one to be completed in Jakarta in Q1
It is a 90,000sqm office building in the Sudirman corridor.
Mumbai adds 0.15 million sq ft to its Grade A office stock
Thanks to the completion of one project in Navi Mumbai in Q1.
Osaka’s office vacancy rate rises to 3.4% in Q1
Only one new project was completed during the quarter.
Top industry players recognised at 2023 Real Estate Asia Awards
The awards programme lauds innovative and standout real estate projects and developments.
These are the big-ticket office property deals to watch out for in APAC
The deals are expected to set a benchmark for buyers and sellers, following a lacklustre Q1.
Build-to-rent projects get a boost in Western Australia
The Managed Investment Trust tax for BTR projects was halved from 30% to 15%.
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