Asia Pacific Office Market Dynamics Q4 2024
Tenants prioritize sustainable, high-quality spaces while mindful of cost pressures
Highlights from the report include:
Premium grade stock continues to outperform as occupiers strategize well located assets with green-building certifications. Robust incoming supply will offer opportunities to upgrade and relocate further adding upward vacancy pressure on older buildings.
Leasing demand improves in Asia Pacific as financial; legal and tech firms implement return to office mandates for their employees with a growing confidence in the office as a primary place of work. 85% of organizations globally have a policy of at least three days of office attendance per week.
Asia Pacific office investment totaled USD 48.8 billion for the full year, representing a 12% year-on-year increase supported by an uptick in core office asset acquisitions by global investors.
