Commercial Office

Why Singapore’s office leasing market in Q1 was nothing short of complex

There’s increasing demand, yet the stock of shadow spaces is also growing.

Hong Kong office vacancy rate rises to 12.3% in April

The vacancy rate in Hong Kong East alone rose 12.6%.

Singapore office rental growth starts to taper off

Overall CBD Grade A rents inched up 0.2% to S$9.59 psf in Q1.

BPO sector seeks hub in Philippines’ provincial markets over labour costs

The office sector in Clark, Iloilo, and Davao is expected to be ‘very bullish.’

Office rents on Hong Kong Island slip 0.4% in March

Rents in decentralised submarkets were more resilient.

Why Seoul’s office transaction volumes crashed in Q1

The city’s KRW989.5b transaction in Q1 is a mere 26% of the volumes recorded the previous year.

Seoul prime office rents record highest increase since 2008

Face rents grew 8.1% in the first quarter of 2023.

Mumbai office leasing plummets 32% to 3.05msf in Q1

Smaller sized transactions dominated fresh leases.

Delhi NCR office leasing volume drops 27% to 2.9msf in Q1

Fresh leases accounted for 86% of the activity during the quarter.

New office development lull looms in Sydney this year: JLL

Less than 20,000sqm of new stock is expected to be completed.

Why Taipei sees increasing demand for prime office space

The total prime office space in the city is only 730,000 ping.

Mumbai to see nearly 8m sq ft of new office space this year

Supply is expected to outpace demand by the end of the year.