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Asia Pacific Office Outlook 2023

Supply, Demand, Vacancy and Rent: A look at the fundamentals underpinning Asia Pacific’s key office markets in 2023 and beyond.

Asia Pacific Office Outlook 2023

12/7/2022

Asia Pacific’s key office markets tell a story of resilience overall. Since the pandemic began at the end of 2019, 153 million square feet (msf) of office space has been absorbed across the region’s top 25 markets – with 47 msf of that absorbed between January and October 2022.

In fact, Asia Pacific continues to be the only region to record consecutive quarters of positive net absorption throughout the pandemic. The broad outlook is for this to continue, though with nuance at the local level. Read more about the 2023 regional office outlook here or explore market-by-market below.

OFFICE OUTLOOK OVERVIEW

Select a city from the left side menu to view its 2023 office outlook snapshot.

*For best results, please view this map in Google Chrome

 

DOWNLOAD THE 2023 OFFICE OUTLOOK 

Asia Pacific’s key office markets tell a story of resilience overall. Since the pandemic began at the end of 2019, 153 million square feet (msf) of office space has been absorbed across the region’s top 25 markets – with 47 msf of that absorbed between January and October 2022.

In fact, Asia Pacific continues to be the only region to record consecutive quarters of positive net absorption throughout the pandemic. The broad outlook is for this to continue, though with nuance at the local level. Read more about the 2023 regional office outlook here or explore market-by-market below.

OFFICE OUTLOOK OVERVIEW

Select a city from the left side menu to view its 2023 office outlook snapshot.

*For best results, please view this map in Google Chrome

 

DOWNLOAD THE 2023 OFFICE OUTLOOK 

Contact

Dominic-Brown_Headshot_AP
Dominic Brown

Head of Insight & Analysis, Asia Pacific • Brisbane

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