According to the latest Property Market Monitor released by JLL, office rents overall in Hong Kong grew 0.9% month-over-month in June 2018, bringing growth for the first half of 2018 up to 3.6%.
JLL is reporting this week that Asia Pacific's mature economies such as Singapore, Hong Kong and Japan have a significant opportunity to advance real estate transparency through proptech adoption.
According to JLL's latest Property Market Monitor, rents in Hong Kong's office markets grew at their fastest pace in more than two years amid a tight vacancy environment and an active leasing market.
According to JLL, Hong Kong remains uniquely globally-oriented within China's system of cities. The Special Autonomous Region (SAR) continues to act as a linking point between Mainland China and the world.
According to JLL's latest Property Market Monitor report, strong leasing momentum driven by tenant decentralization and sustained expansionary requirements from PRC occupiers has pushed rents up in the office market as a whole.
Cities in Asia Pacific and worldwide are getting smarter, but they must be ready for the Cyber security risks that accompany the growing adoption of tech-enabled real estate and infrastructure.
Increased interest in self-storage facilities, data centers, student accommodation, education and aged care as investors chase yield
Based on new CBRE Research released this week entitled, The Tech Evolution is Ushering in Shared Logistics, the increasing use of automation is real and impacting Japan's logistics sector in a significant way.
Japan can expect to see robust investment by Asia Pacific-focused closed-end real estate funds over the next three years. CBRE also predicts the following capital deployment trends across Asia Pacific by private equity real estate funds through 2020.
A tight vacancy environment and rising rents continues to drive larger occupiers to seek office space beyond Central into other submarkets on Hong Kong Island, including Hong Kong East.
According to JLL's latest Property Market Monitor, Hong Kong's property investment market continued to hit new highs in January 2018, riding on strong global investor interest.
Asia Pacific's commercial real estate market will be increasingly defined by changing business conditions, the growing influence of technological innovation.
According to CBRE's newly released 2018 Japan Real Estate Market Outlook, due to a new supply of Class A office space coming on the market, rental rates in Tokyo will see a correction in 2018.
Technology advances in areas such as big data analytics, machine learning and artificial intelligence are transforming industries across the globe, providing insights and opportunities for those in the vanguard, while technology laggards risk becoming obsolete.
According to JLL's latest Property Market Monitor released this week, net take-up in Hong Kong's overall office market amounted to 68,800 sq. ft in November 2017, with average monthly rent reaching HKD 71.7 per sq. ft -- 0.3% higher than in October 2017.
According to JLL, for the second consecutive year, Hong Kong's Central commands the world's most expensive premium office rent, at an average of $323 per sq. ft per annum (about HKD210 per sq. ft per month).