Commercial Office
Bengaluru office leasing activity hits 3.1m sq ft in Q1
Nearly 40% of the activity is from the manufacturing and industrial industry.
Bengaluru office leasing activity hits 3.1m sq ft in Q1
Nearly 40% of the activity is from the manufacturing and industrial industry.
Brisbane CBD office vacancy rate hits 5-year low of 11% in Q1
The vacancy rate dipped by 0.1 percentage points.
Tokyo Grade A office rents rise for the first time in four years
Rents inched up by 0.9% in Q1.
Adelaide office demand hits 11,000sqm in Q1
Thanks to the government’s expansionary activities.
Bangkok to see over 420,000sqm of new office supply this year
The vacancy rate could hit 24% by year-end.
Jakarta office occupancy to reach 76% by year-end
The average occupancy rate in the CBD was at 74.7% in Q1.
Delhi gross office leasing volume drops 21% to 2.9msf in Q1
Fresh space takeup accounted for 70% of the deals.
Jakarta office space demand to hit up to 150,000sqm per year till 2026
Rightsizing continues to be a trend amongst occupiers.
Mumbai office net absorption up 10% to 2.5msf in Q1
Thanks to a large pre-commitment deal.
Why is Singapore’s office leasing market in limbo?
There are no significant demand drivers replacing the tech firms.
How expensive is an average office fit out in APAC?
Singapore ranks 14th in average fit out cost in the region.
Seoul office transaction volume nearly doubles in Q1 2024
Transactions grew from KRW1.4 trillion to KRW2.51 trillion.
APAC prime office rents decline for seventh straight quarter in Q1
But two cities bucked the trend with record high rental rates.
Brisbane CBD posts highest Q1 office rental growth amongst Australian cities
Net face rents grew by 2.9% in the city during the quarter.
Seoul office vacancy rate set to climb in Q2
This is due to the completion of a major project in Q1.
Bangkok to see over 1.3m sqm new office supply until 2026
A total of 616,700 sqm of new supply expected in 2024 alone.
Why Singapore office demand and rents won’t recover until later this year
Analysts expect demand to remain muted in the near term.
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