Commercial Office
Singapore’s office takeup forecast to double in 2022
Singapore’s office takeup forecast to double in 2022
Thanks to robust positive net absorption in the third quarter.
Office leasing in Delhi NCR up 6% to 3.63m sq ft in Q3
IT and professional services accounted for 41% of all leasing activity.
Mumbai gross office leasing volume hits record highs in Q3
Leasing volume grew 41% to 4.23m sq ft during the quarter.
Singapore CBD Grade A office net demand at an all-time high since 2019
Net demand hit 580,000 sq ft in Q3 2022.
Which Australian city recorded its largest quarter of net office absorption this year?
Net absorption hit 20,000sqm in Q3.
Hong Kong Grade A office vacancy hits record high of 14.1% in Q3
The total vacant space reached 11.9m sq ft of vacant space during the quarter.
Hong Kong office rents now 30% below 2019 peak levels
Rents are expected to continue on this downward trend for the coming months.
Hong Kong office vacancy rate hits 10.5% in September
This is due to new completions in the month.
Will Jakarta office prices hold steady till the end of the year?
Strata office prices are currently at IDR55.7m/sqm in the CBD.
How did Tokyo’s Grade B office market fare in Q3?
Vacancy rose to 4.8%, with Minato recording the largest increase.
Tokyo Grade A office vacancy rate hits 8-year high in Q3
The vacancy rate rose 1.1ppts to 4.1%, the highest since 2014.
Jakarta CBD’s office supply to hit 7.1m sqm by year-end
And supply will be at 3.8m sqm outside the CBD.
Singapore office sector to be a “landlord’s market” going into next year
Rents are expected to rise by up to 5% for this year.
Bangkok new office supply to hit 426,000sqm in 2023
New supply is expected to reach 377,000sqm by end-2022.
Why the next 3 years are crucial for the office property sector
Over half of APAC firms say remote working is likely to be available to all by 2025.
Office rents on Hong Kong Island down 1.5% in August
Island East recorded the biggest decline.
Bangkok Grade B office occupancy rate hits record low of 74%
This reflects a 6.8% decline compared to Q2 2021.
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