Asia Pacific Office Digest 1Q 2022
Market conditions broadly supportive of rent growth in Asia Pacific
June 03, 2022
Highlights from the report include:
After surging to record levels in 4Q21, Asia Pacific leasing activity fell back to normal levels in 1Q22, gross leasing volumes were up 1.5% over the pre-pandemic five-year first quarter average.
Improving business sentiment and strengthening demand saw Asia Pacific rents continue to flatten out in 1Q22.
Investor appetite for high-quality office assets was strong and in aggregate capital values grew 0.7% q-o-q for the second consecutive quarter.