Asia Pacific Office Q1 2024

Rental divergence persists

May 20, 2024
Highlights from the report include:
  • Regional office leasing activity continued to recover in the first quarter, with a notable 12% increase in gross leasing volumes y-o-y

  • Construction activity sustained healthy momentum regionally, as new completions exceeded 1 million sqm for the ninth consecutive quarter with five markets surpassing the 100,000 sqm mark

  • Asia Pacific office investment volumes held stable relative to a year earlier at USD 12.6 billion, with mainly domestic investors contributing to investment activity

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