Asia Pacific Commercial Real Estate News
Asia Pacific Commercial
Despite Covid, Asian Outbound Real Estate Investment Recovering in 2021
According to new research from global property consultant CBRE, Asian outbound commercial real estate investment volume declined 37% year-over-year to $30 billion in 2020, as Coronavirus-related obstacles including restrictions on travel and site inspections impeded purchasing activity.
Hong Kong's Office Market Still Impacted by Coronavirus Fears as Rents Slip in January
According to JLL's latest Hong Kong Property Market Monitor released today, the decline of office rents has slowly abated in January 2021, with net effective rents in the overall market dipping by 0.6%.
Global Commercial Property Investment Fell 26 Percent in 2020
Global property consultant CBRE is reporting that worldwide commercial real estate investment increased by 84% quarter-over-quarter in Q4 to $290 billion but was down by 20% from Q4 2019.
Hong Kong's Central Office Vacancy Rate Hits 16 Year High in 2020
According to JLL's latest Hong Kong Property Market Monitor report, Grade A office vacancies rate for Hong Kong's Central Market rose to 7.3% in December 2020, surpassing 7% for the first time since 2004.
