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Five projects to add 200,000sqm to Brisbane’s new office supply
Five projects to add 200,000sqm to Brisbane’s new office supply
The largest project spanning 69,000sqm began construction in Q1.
Delhi’s Q1 gross industrial absorption hits 1.1 million sq ft
Demand was driven by the 3PL and retail sectors.
This was the largest completion in Adelaide’s logistics market in Q1
It was a project spanning nearly 22,000sqm.
Industrial supply crunch persists in Singapore despite new completions
The projects completed in Q1 were mainly single-user facilities meant for self-use.
Bangkok’s prime office net absorption hits 12,600sqm in Q1
Meanwhile, the vacancy rate increased to 19.9%.
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.
Most Read
1. Indian real estate registers $749m worth of private equity investment inflows in Q1 2. APAC real estate investment volumes drop to 10-year low in Q1 3. Jakarta CBD to see 100,000sqm of new office space by 2028 4. Singapore CBD Grade A office rents to remain flat in 2025 5. Singapore CBD Grade A office rents record largest increase since Q3 2023Resource Center
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