The WPJ

Auckland

Asia Pacific Commercial Investment Dives 22 Percent in Q3

According to JLL, commercial real estate investment activity in Asia Pacific declined 22% year-on-year in the third quarter of 2023, recording the lowest quarterly figure since Q2 2010.

Asia Pacific Hotel Revenues to Rise in 2024 Despite Economic Volatility

According to JLL's Hotel Operators' Sentiment Survey 2023, hotel occupancy levels in the Asia Pacific (APAC) continue to rise steadily following the reopening of all key markets, the ramping up of air capacity, and a strong pick up in conferences and events around the region. 

Global Residential Rents Surge 300 Percent Their Prepandemic Growth Rates in 2023

Based on the 10 cities covered by Knight Frank's Prime Global Rental Index, global rental values rise 7.5% in the year to June. While this rate was down from the 8.2% seen in Q1, and lower still than the 12.2% growth reached in the first quarter of 2022.

Brisbane Office Market Enjoying Strong Leasing Activity in 2023

According to new CBRE data, Brisbane has emerged as an Asia Pacific leader in the office leasing stakes, ranking second only to Seoul when it comes to growth in the city's tenancy base over the past 18 months.

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