Asia Pacific Commercial Real Estate News
Asia Pacific Commercial
Australia's Office Sublease Market Recovering, Regardless of City Lockdowns
Global property consultant CBRE is reporting this week that office sublease availability across Australia's major cities has fallen to the lowest level in a year, despite prolonged lockdown restrictions in Sydney and Melbourne.
Asia Pacific Commercial Property Investment Spikes 30 Percent in 2021
According to global real estate advisor JLL, Asia Pacific commercial real estate investment volumes continued to rebound strongly in the first nine months of 2021, up 30% compared to the same period in 2020.
COVID Still a Drag on Hong Kong's Office Market
Net absorption in the overall office market continued to decrease to -10,900 sq. feet in August 2021. There were still some corporate downsizing activities due to the pandemic but those were largely offset by the upgrading demand and expansion of the flexible office space sector.
Logistics Explosion Drives Record Warehouse Absorption in Asia Pacific
According to a new survey by CBRE, logistics occupiers have big plans to expand their warehouse footprint in Asia Pacific over the next three years on the back of growing optimism about the operating environment.
