Commercial Office
Manila net office absorption finally turns positive in Q1 at 216,900sqm
Manila net office absorption finally turns positive in Q1 at 216,900sqm
Net absorption has been negative for four consecutive quarters.
Flight-to-quality still dominates Kuala Lumpur’s office market
Various submarkets continue to experience this trend.
Jakarta office rents down 2.8% in Q1
Rents are expected to continue on a downward trend for the rest of the year.
Bangkok Grade A office vacancy rate to hit 20.3% by year-end
Tenants are expected to continue moving out of older prime buildings.
Hanoi Grade A office rents inch up 0.1% in Q1
Net effective rents were at USD 26.8 sqm per month.
New Delhi prime office net absorption down 5% to 1.34m sq ft in Q1
Gurgaon accounted for over half of the net absorption during the quarter.
How Seoul’s office property market is set for a robust investment growth
The office sector accounted for half the total investment transactions last year.
Key trends in Jakarta’s flex office space market
Flex offices account for 5.2% of the total leased space in Sudirman CBD as of Q1.
Office vacancy trends in Tokyo’s major office markets
Vacancy is at a low 1.9% in Otemachi/Marunouchi where many domestic companies are headquartered.
Hong Kong office rents rebound to late-2021 levels in April
Rents in Central inched up 0.9% to HK$114.5 per sq ft.
This Hong Kong submarket had the highest office vacancy rate in April
The vacancy rate for this submarket reached 12.8% last month.
Philippine office leasing volume surges 75% in Q1
Leasing volumes hit 132,385 sqm during the quarter.
Singapore CBD office rents increase for the first time since 2019
CBD Grade A office rents are up 0.7% to S$9.44psf in Q1 2022.
Net takeup of Indonesian non-CBD offices surges by 85% in Q1
But the country’s residential sector is leading growth in the property market.
Why Chennai outperforms its southern counterparts as an office market
Before the pandemic hit, office space demand surged 107% across 2018 and 2019.
What is the two-tier market now forming in Singapore’s office sector?
Landlords are bullish about the rental trajectory in one of the two tiers.
Singapore Grade A office vacancy up 1.6ppts to 7.2% in Q1
Despite this, net take-up of office spaces remained positive for the third consecutive quarter.
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