Asia Pacific region pays higher rentals for better quality offices - Colliers
Colliers' Asia Pacific Office Markets report highlights that despite cost consciousness, occupiers are willing to pay higher rentals for top-quality offices and prime locations to attract talent, explains Mr Mike Davis, Colliers Managing Director of Occupier Services, Asia Pacific.
Rising demand for data centres in Hong Kong - CBRE
The data centre market in Hong Kong is estimated to be valued at around US$3 billion in 2023 with the demand is on the rise due to advancements in technology, particularly AI, says Chester Leung, Senior Director, Valuation & Advisory Services, CBRE Hong Kong.
Asia-Pacific prime office rents decline 3.2% in Q1 2024: Knight Frank
According to Knight Frank’s Asia-Pacific Prime Office Rental Index, the prime office rental market experienced its seventh consecutive quarterly decline in Q1 2024, with Chinese Mainland cities particularly affected.
Hong Kong's grade A office market sees growth in March – JLL
Hong Kong’s overall Grade A office market recorded a positive net absorption of 137,000 sq ft in March, mainly driven by pre-commitments in new projects according to JLL.
Asia Pacific commercial real estate investment increases by 13% in Q1 2024 – JLL
In the first quarter of 2024, Asia Pacific experienced a 13% increase in commercial real estate investment, totalling US$30.5 billion, the only region globally to see year-on-year growth.
Cushman & Wakefield Appointed by Standard Chartered Bank across Asia
Cushman & Wakefield has been chosen by Standard Chartered Bank to provide property services across Asia and manage its global real estate portfolio for the next five years.
Renewable-powered offices preferred by corporate real estate leaders: JLL
Most corporate real estate leaders in the Asia Pacific aim to power at least half of their office portfolio with renewable energy by 2030, according to JLL.
Central Seoul building sold USD$242 million by Colliers and Savills
Allerman has acquired a 19-story building in central Seoul for USD$242 million from Hanwha Asset Management with the assistance of Colliers and Savills Korea.