Commercial Office
New Delhi's net office absorption down 18% to 1.69m sq ft in H1
New Delhi's net office absorption down 18% to 1.69m sq ft in H1
Blame it on persistent lockdown measures.
Who will occupy UBS' and StanChart's offices in Singapore now?
UBS' One Raffles Quay space is said to be committed to by L’Oréal and others.
Office tenants in Jakarta still undergoing massive downsizing
One tenant surrendered around 30,000 sqm of space.
Bangkok’s office vacancy rate to hit 16.3% by end-2021
The rising vacancy rate will put further downward pressure on rents.
APAC office leasing demand growth to hit up to 15% this year
Technology and financial companies are driving the robust leasing activity.
Kuala Lumpur to see more flex office spaces post-pandemic
This is due to its flexibility on lease terms.
APAC Grade A office rental recovery disappoints amidst resurging lockdowns
India, Australia, and other Southeast Asian markets saw weaker than expected recoveries.
APAC new Grade A office supply breaches 5-year average
New supply hit 26.5m sq ft in H1 2021.
Sydney’s sublease offices down 8% in H1 2021 as firms take back space
Subleasing may have reached its peak and the trend is now slowly reversing.
Rightsizing or upsizing: What does the future hold for Singapore’s office market?
The rightsizing trend is expected to materialise over the course of the next 12 months.
Hong Kong office rents slip 0.2% in July as high vacancy rates persist
Wanchai / Causeway Bay and Kowloon East saw bigger rent declines.
Singapore Grade A office rents’ rate of decline at its slowest since 2019
Gross effective rents slipped by 0.4% to S$9.37 psf in Q2 2021.
Office rental contract values down but leasing volume up in Singapore
Tenants are renegotiating rents and reducing office spaces instead of vacating them.
India’s gross office leasing drops 16.9% as second wave of COVID persists
But Hyderabad bucked the trend with office leasing doubling in Q2.
Philippines’ lacklustre office absorption dampens residential demand
Residential vacancy increased from 15.6% in Q4 2020 to 16.3% in Q2 2021.
How Singapore offices’ passing rents impact investment decisions
Savills provides an analysis on yield compression using assumed passing rents.
India to remain a preferred global outsourcing destination amidst subdued office leasing activity
Thanks to its large base of technical knowledge and cost-effective talent.
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