CBRE’s latest leasing market sentiment index reveals that regional leasing sentiment is improving amid a rise in enquiries:
- Tenant enquiries and site visits registered an increase over the surveyed period. Leasing enquiries and inspections remained strong, led by retail.
- While expansionary demand continued to strengthen across the retail sector, there was a slight weakening in requirements for office and industrial space.
- More than half of the respondents believe that rents and incentives will remain flat. The remaining respondents were divided between those having a positive outlook for Singapore and Korea and those expecting a rental decline in Greater China.
- Most major markets reported stronger leasing sentiment. Sentiment in Japan entered positive territory for the first time since 2020, while both Hong Kong SAR and Australia saw sentiment rebound from negative territory. Mainland China was the only market to witness negative sentiment, indicating that this market will require more time to recover.
This report was originally published in https://www.cbre.com.sg/insights/asia-pacific-insights/apac-leasing-market-sentiment-index
