With nearly a quarter of the city’s space standing empty, grade A office rents in Shanghai fell for a 12th straight quarter in the first three months of this year, as international firms pull back on leasing and local demand… Read More>>
Central Tokyo Office Rents Surge as Construction Costs Push Up Rates for New Supply
Grade A office rents in Tokyo’s central five wards jumped in the first quarter of 2025 as greater construction costs pushed up asking rents for incoming supply, triggering elevated rates in the broader market, according to Cushman & Wakefield.
Assumed… Read More>>
Hong Kong Office Rents Down 42% From 2019 Peak After Q1 Slide: C&W
Grade A office rents in Hong Kong dipped to HK$43.90 ($5.66) per square foot per month during the first quarter of the year, marking a 42.2 percent decline from their peak in the same quarter of 2019, according to Cushman… Read More>>
Two-Floor Pickup at Swire’s Pacific Place Led Hong Kong Office Leasing in February
Tenants in Hong Kong’s Grade A office market took up 7,200 square feet (669 square metres) more than they gave back in February, a marginal gain aided by a new letting at Swire Properties’ Pacific Place complex in Admiralty, according… Read More>>
Consultants Envision High Returns Converting Hong Kong’s Unloved Office Buildings
With falling rents and a surge in new building completions taking a toll on Hong Kong office occupancy, consultants see opportunities for achieving five-year internal rates of return (IRR) of around 20 percent by converting unloved office buildings into multi-purpose… Read More>>
Swire Properties Swings to $99M Loss on Headwinds From ‘Difficult’ Hong Kong Office Market
Swire Properties reported an attributable loss of HK$766 million ($98.5 million) for 2024, reversing a year-earlier profit of HK$2.6 billion, as the Hong Kong-based builder’s hometown office portfolio drove markdowns on investment properties for a second year in a row.
Hongkong Land Signs Up Law Firm HFW to Lease Central Floors Amid Rebound Hopes
Hongkong Land announced Tuesday that global law firm Holman Fenwick Willan has taken up two floors at one of the developer’s buildings in Central, as the premier office district shows signs of rebounding after a multi-year struggle.
London-based HFW relocated… Read More>>
Australia, Japan Defy Trend as APAC Office Markets Face Falling Rents: Knight Frank
Prime office rents in Asia Pacific fell 1.6 percent in 2024, narrowing from a 2.4 percent drop the previous year, as key markets in Australia and Japan showed resilience amid a regionwide downtrend, according to Knight Frank.
Brisbane emerged as… Read More>>
Office Rent Growth Flattens in Downtown Singapore as Big Occupiers Grow Cautious
Office rent growth in downtown Singapore nearly ground to a halt in the year’s final quarter as renewals continued to form the bulk of market activity, according to Knight Frank.
Prime office rents in the Raffles Place/Marina Bay precinct rose… Read More>>
India Office Leasing Up 14% in 2024, Hitting Record High for Third Straight Year: Colliers
Office leasing activity across India’s top six cities totalled 66.4 million square feet (6.2 million square metres) in 2024, climbing 14 percent to hit a record high for a third straight year, according to Colliers.
Bengaluru drove demand for Grade… Read More>>
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