Asia Pacific Commercial Real Estate News
Asia Pacific Commercial
Hong Kong Office Market Vacancies Keep Rising Mid-2022
According to JLL's latest Hong Kong Property Market Monitor, the overall vacancy rate of Grade A offices rose to 9.6% in July as several sizable spaces became available on the back of the traditional low season for the office leasing market.
Hong Kong Sees Increased Investment Demand for Cold Storage Real Estate
Investment in Asia Pacific's cold storage market is expected to grow fivefold in the next decade, driven by a shortage of new supply, outdated existing facilities and rapidly changing consumer demands created by the widespread adoption of online grocery shopping.
Post Covid, Australia's Retail Market Recovery is Underway
According to global property consultant CBRE, Sydney is leading the national CBD retail recovery, with the city's vacancy rate declining in the first half of the year as the return to the office gathers pace.
Asia Pacific Commercial Property Investment to Slow in H2 of 2022
According to CBRE's newly released 2022 Asia Pacific Mid-Year Real Estate Market Outlook, Asia Pacific's commercial real estate markets are predicted to moderate in the second half of 2022 as rising inflationary pressure and interest rate increases provide the major challenge to economic growth in the region.
