According to global property consultant CBRE, following a strong global economic recovery in 2021 and early 2022, macroeconomic headwinds are raising fears of a broad-based downturn as central banks address persistent high inflation.
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.
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Asia Pacific's cold storage market is expected to grow fivefold in the next decade, driven by a shortage of new supply, outdated existing facilities and rapidly changing consumer demands created by the widespread adoption of online grocery shopping.
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.
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.
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