The key highlights of the report are:
Economic activity in Asia Pacific remains on a solid note during the third quarter. Robust growth in China and better than expected performance from Japan, South Korea and Southeast Asia have managed to offset weakening activity in India.
YTD absorption gains have been robust (20% higher YOY) while supply is impacting rental growth. Meanwhile, Coworking is gaining a strong foothold in the region with several local and global players expanding in the region.
Occurrence of several landmark transactions in Hong Kong central suggests further upward pressure on occupancy costs. As such, the rental gap between Hong Kong and Singapore is likely to widen further.