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Knight Frank’s Asia-Pacific Prime Office Rental Index saw a 0.3% quarter-on-quarter increase, the first uptick since Q3 2019, before the start of the pandemic. Overall vacancy remains elevated at 12.8%, but office rents are likely to have bottomed out, thanks to improving business sentiments and a gradual and more sustainable return to workplaces, especially among big tech occupiers taking advantage of lower rents to move into high-quality CBD office spaces.

While conditions remain tentative due to the Omicron variant, we expect rents to continue stabilising into 2022 with more markets in the region reaching an inflexion point in the rental downcycle. As occupiers continually evolve their space strategies on the adoption of hybrid working styles, 2022 will be a year of reset and experimentation. However, this does not mean less demand for office spaces. We expect leasing activity to strengthen into 2022, with demand underpinned by the integration of flexible space solutions and a pivot to quality spaces that emphasises wellness and employee experience.

本文原載於 https://www.knightfrank.com/

Explore a unique way to assess and score 55 global primary and emerging data center markets utilizing 13 criteria.

Explore a unique way to assess and score 55 global primary and emerging data center markets utilizing 13 criteria.

The last two years have been remarkable in many ways. Industries across the board have been confronted with change and disruption—and the data center industry has been no exception. In early 2020, many businesses faced a sudden and heightened need for greater cloud technology to connect a dispersed workforce and enable people to do their jobs in a work-from-home environment. The trend continued in 2021 as cloud migration accelerated, the need for data centers continued to grow and as major data-producing platforms—hyperscalers like Google, Amazon, Microsoft, Alibaba, Apple and others—spread their data center footprints throughout the world. Today, the question is no longer whether the largest hyperscale data center users will expand to new regions each year, but how many will expand and how quickly. 

It’s in this time of both great demand and prolific expansion—but also amidst an increasing focus on sustainability in parts of the world—that we publish this third annual edition of Cushman & Wakefield’s Global Data Center Market Comparison.

本報告原刊登於 https://www.cushmanwakefield.com/

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Overall office gross absorption across the top six cities was at about 33 million sq feet, 10% higher compared to 2020. Pan-India absorption during the year surpassed the annual gross absorption during 2016-2018 by 7%, signalling a strong revival in occupier confidence.

本文原載於 https://www.colliers.com/en-in

• In a year where a raft of measures were unleashed to contain the rate of infections as well as activity in the red-hot residential market, some S$7.3 billion of investment deals were recorded in Q4 2021, bringing the total for the whole year to S$25.8 billion. This reflected a growth of 5.3% from the total amount of S$24.5 billion last year.
• The investment volume in Q4 was primarily led by residential sales, amounting to about S$2.8 billion, as demand remained healthy for prime residential homes. This included the sale of a penthouse unit at Les Maisons Nassim for S$75 million (S$6,201 psf) in late October, as well as a Good Class Bungalow (GCB) within the Kilburn Estate GCB Area (GCBA) where it was reported that crypto billionaire Zhu Su was in the process of acquiring the detached house at S$48.8 million (S$1,532 psf on land).
• The collective sale market also started to gain momentum in Q4 2021, comprising five en bloc deals that were sealed from October to December. This included the sale of Peace Centre and Peace Mansion topping the list at S$650 million, acquired by a joint venture (JV) of CEL Development, Sing-Haiyi Crystal and Ultra Infinity. Watten Estate Condominium was sold for S$550.8 million to a UOL-SingLand JV. Despite the encouraging en bloc activity with homeowners of ageing projects growing increasingly hopeful, the imposition of cooling measures on 15 December 2021 has given pause to the market. In addition to the risks of escalating construction costs, developers also have to contend with pressure stemming from the increased Additional Buyers’ Stamp Duty (ABSD) rate for entities from 25% to 35%.

本文原載於 https://www.knightfrank.com/

We’re excited to share CATCH ’22, our Asia Pacific Commercial Real Estate Outlook 2022 paper with you.​

With universal evidence supporting strong rebounds in business confidence and consumer sentiment, the Asia Pacific region is forecast to return to world leading growth in the second half of 2022.​

Our paper focuses on key drivers of recovery, to ensure you CATCH the potential and opportunities of ‘22.

本文原載於 https://www.cushmanwakefield.com/en/

Occupier confidence is improving after one-and-half years. Prices are recovering with evident growth of 21% in a span of three months in Q3 of 2021.

Future Flex – A hybrid & productive workspace approach

Strategic agreements for operators

Traditional leases are giving way to models such as:
•Revenue-share model 
•Management contracts
•Hybrid model (fixed minimum rent plus revenue share)
Apart from these, some operators are seen to explore the franchise model, 
although that can pose some risk of brand 

Choice-based model for occupiers
Occupiers are evaluating the concept of ‘work from near-home’ through 
satellite and hub-and-spoke offices. We foresee that these offices will be an 
amalgamation of traditional leases and flex spaces. 
With gig economy gaining traction, we also predict the need for on-demand 
spaces, as occupiers would require space by the hour/week/month for certain 
teams. Such space requirements can successfully be driven by flex spaces. 

Customized deals for Occupiers
Occupiers are opting for tailor-made mandates with operators for future 
expansion and leasing. Flex operators will take up spaces and customize 
them as per the occupiers’ needs. However, at the same time, operators are 
likely to also incorporate and offer some proportion of ready buildings for 
immediate absorption by start-ups and entrepreneurs.

Report by 高力國際 & Qdesq

本文原載於 https://www.colliers.com/en-in

The report evaluates the demand and potential of Affordable Housing in India by 2030 and speaks about the requisite steps that stake holders should take to meet this demand.

本文原載於 https://www.knightfrank.co.in/

Key Occupier Trends

• Warehouse demand remains firm; net absorption sets new record
• Supply chain disruption delays decision-making in emerging markets
• Online retailers and 3PLs drive demand; occupiers strengthen last-mile capabilities
• Logistics space near transportation hubs keenly sought after

Key Investment Trends

• Purchasing activity continues to be strong; modern logistics properties remain primary focus
• More investors commit capital into logistics development funds
• Logistics capital values continue to rise
• Well-located older properties offer upgrading opportunities

本文原載於 https://www.cbre.com/

主要趨勢

• Purchasing activity continues to be strong
• Stabilised prime CBD offices remain sought after
• Solid demand for industrial assets drives further yield compression
• Selected investors display higher risk appetite for office, industrial and hotel value-added opportunities
• Banks in major markets remain accommodative; while those in Southeast Asia adopt conservative attitude

本文原載於 https://www.cbre.com/

Key trends

• 零售銷售成長放緩
• Many retailers push back expansionary plans to 2022
• F&B dominates leasing demand
• Leasing in CBD areas remains limited
• Pandemic-related risk remains major concern
• Recovery to regain momentum as festive season nears

本文原載於 https://www.cbre.com/