Asia Pacific Trends Q3 2023 (CBRE) 01 December 2023
Asia Pacific Trends Q3 2023 features in-depth and up-to-date data and insights on the Office, Retail, Industrial & Logistics and Investment markets across the region. Key trends include:
Office:
- Leasing demand remains weak as occupiers stay cautious
- Mainland China, India and Tokyo account for bulk of activity
- Transactions take longer to close due to slow approvals
- Non-banking financial and tech firms drive demand
- Most markets set to remain in favour of tenants
Retail:
- Retail sales moderate but travel demand continues to provide strong tailwinds
- Retailers stay in expansion mode; Location remains key as demand focuses on prime locations
- Consumer demand for unique experiences drives leasing for non-traditional retail space
- Japan remains most upbeat market thanks to strong tourist inflows
- Leasing demand projected to remain robust in coming quarters
Industrial & Logistics:
- Slowing regional economy continues to weigh on leasing activity
- Strong demand from ecommerce platforms and stable activity from 3PLs
- Supply pipeline remains significant
- Investment volume holds steady in the first three quarters of the year
- Leasing and investment volume forecasted to soften
Investment:
- Sentiment remains weak despite slight uptick in investment volume
- Re-pricing continues to constrain purchasing activity
- Retail and hotel assets witness stronger deal flow
- Japan remains most upbeat market
- Investment to stay subdued amid high interest rate environment
Download Office Trends Download Retail Trends Download Logistics Trends Download Investment Trends
