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In 2018, around 20 leases of ≥5,000 sqm were formalised. Demand came from both the public and private sectors, and was supported by lease expiries, strong business confidence and nation-leading state final demand and population growth. While many of these leases were precommitments for 2020, near-term demand for space has also been strong and is expected to stay that way in 2019, holding vacancy at 3-4%.

Landlords in Melbourne’s fringe office markets have been undertaking capital expenditure to aid in tenant attraction and retention. Upgrades have included end of trip facilities, lobbies, lifts and HVAC (Heating, Ventilation and Air-Conditioning). The upgrades have helped attract new tenants such as JB HiFi and Asahi and contributed to multiple renewals over past six months.

With Circular Quay Tower, Quay Quarter Tower, Wynyard Place, 60 Martin Place, the Light Rail and Sydney Metro among the major projects underway, Sydney CBD office workers have grown accustomed to the sights and sounds of billions of dollars worth of construction work. 151 Clarence Street (22,000 sqm) reached completion in Q4, but major new developments are still at least a year away, ensuring that Sydney’s lack of contiguous floor space continues for some time to come

Momentum in the Japanese economy slowed with a negative 2.5% growth in the third quarter of 2018. This is largely related to the drop in exports and consumer spending due to the occurrence of natural disasters. Airport closure also caused a decrease in exports and the number of inbound tourist spending, which makes up part of total exports.

The Singapore economy grew at a slower 2.2% YoY in 3Q2018. The finance & insurance sector grew at a stronger 5.6% YoY, while the information & communications sector expanded by 4.7% YoY, leading to office-using employment increasing by 7,500 workers.

After nine years of relentless expansion, Asia’s real estate markets are facing rising headwinds.

An impending trade war, rising interest rates, tighter access to credit, and buyer fatigue at sky-high prices for both commercial and residential properties are causing investors to question whether the long bull cycle may be reaching its peak: “The market’s wobbling like a jelly on a plate,” as one investor put it. “We’re at historic highs across the board.”

That said, market fundamentals in 2018 remain robust.

After nine years of relentless expansion, Asia’s real estate markets are facing rising headwinds.

An impending trade war, rising interest rates, tighter access to credit, and buyer fatigue at sky-high prices for both commercial and residential properties are causing investors to question whether the long bull cycle may be reaching its peak: “The market’s wobbling like a jelly on a plate,” as one investor put it. “We’re at historic highs across the board.”

That said, market fundamentals in 2018 remain robust. Transactions for the year are at record levels and pricing is strong, sustained by ever-growing volumes of institutional capital piling up in Asia’s biggest economies.

For now, then, the music continues, and although some investors are looking to sell down their holdings and reposition, the sheer weight of capital looking to find a home in real estate means that prices may not fall significantly even if other indicators turn south.

Investors must consider more varied strategies than in the past to get money into the market.

布里斯本中央商務區的下一步發展方向是什麼？

租戶需求依然旺盛。點擊“下載”按鈕以了解更多資訊：

• 經濟指標
• A級週邊淨租金市場展望
• 布里斯班邊緣供應管道
• 2018年下半年主要租賃交易

近年來，由於淨供應量偏低，市場復甦情況優於預期。我們認為入住率提升空間已不大；在我們看來，目前的供需關係依然緊張，足以支撐未來幾季租金的溫和成長。.

近年來，由於淨供應量偏低，市場復甦情況優於預期。我們認為入住率提升空間已不大；在我們看來，目前的供需關係依然緊張，足以支撐未來幾季租金的溫和成長。.

自2013年以來，年均淨吸收量為2.01萬噸，高於年均淨新增供應量0.81萬噸，使空置率降至週期性低點。我們認為，鑑於空置率已觸及週期性低點，當前市場價格仍有上漲空間。自2012年以來價格復甦乏力，也有助於延續目前緩慢但穩定的市場復甦動能。.