Commercial Office
Singapore shadow office space halved to 0.33m sq ft in Q3
It was at a record high of 0.7m sq ft in Q1 2023.
Singapore shadow office space halved to 0.33m sq ft in Q3
It was at a record high of 0.7m sq ft in Q1 2023.
Hong Kong Central office rents to decline by up to 8% this year
Whilst overall rents on Hong Kong Island are expected to fall by 3-5%.
Singapore core CBD office rents expected to grow by 2% for full year 2023
Grade A office rents have already risen by 1.3% YTD.
Hanoi CBD office vacancy rate to reach 25.7% by year-end
This is driven by the upcoming new supply of 64,000sqm.
Hong Kong Grade A office rents to drop by up to 5% in H2
Rents are expected to bottom out in the near term.
Jakarta office rents to continue declining in the next 12 months
But it’s expected to do so at a slower rate.
Brisbane CBD prime net effective office rents up 5.1% in Q2
And PNER in the Near City grew 2.0%.
Delhi to see nearly 6m sq ft of new office space this year
Net absorption is expected to hit 5.6m sq ft.
These are the new office projects to watch out for in Ho Chi Minh City
Projects due in Q4 are making good progress.
Canberra records -3,100 office net absorption in Q2
But this was partly offset by some positive moves in the market.
Bengaluru Grade A office supply drops 51% to 2.31m sq ft in Q2
The secondary business district dominated new completions.
Adelaide adds 21,000sqm to its office supply pipeline in Q2
Thanks to Kyren Group’s Franklin Street project.
Why Hong Kong’s office vacancy has now hit 30-year highs
The overall vacancy rate is at 12.6% as of Q2.
Mumbai to see nearly 6m sq ft of new office space in H2
Supply is expected to outpace demand, driving up vacancy rates.
What was the most notable office project completed in Melbourne in Q2?
It was the refurbishment of an 8,000sqm property.
Sydney’s office sector records -35,000sqm net absorption in Q2
Find out which firms drove this negative absorption.
Manila office rents dip 0.1% in Q2
The rate of rental decline has slightly improved.
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