Research

The Office Index: Q3 2020

The Office Index report shows that Asia Pacific quarterly gross leasing activity increased 80% q-o-q, nearly matching 3Q19 levels.

December 01, 2020

Highlights from the report include:

  • Subdued leasing activity caused rents to decline 1.3% in aggregate, however Seoul, Manila and Osaka shine as bright spots
  • Economic uncertainty, and softening demand coupled with large supply volumes are likely to maintain downward pressure on rents
  • Fiscal and monetary policies across the region coupled with investors’ long-term view will provide support to capital values

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