Research

Asia Pacific Office Market Dynamics Q2 2024

Quality remains in focus for occupiers but with an eye still on costs

August 22, 2024

Highlights from the report include:

Cost considerations are still top of mind for real estate decision makers, and many tenants have shown a preference for renewals to avoid additional capex.
Driven by upgrading demand, regional rent growth stayed positive for the second consecutive quarter but at a slower pace due to soft demand in Greater China and a slowdown in select Asian markets.
Despite a high-interest rate environment, investment volume saw a y-o-y increase contributed by domestic end-users. However, the capital value performance has lagged behind rental in most markets.

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