asian cities report

"Explore our Tokyo Office Market Report for the 1st half of 2025. It includes a detailed market analysis of office market, trends, stats, and more."

"Australia's tourism sector will benefit from strong growth in international visitors over the medium-term, while domestic tourism activity will be boosted by stronger growth in household income and consumers prioritising travel and hotel spending in their consumption patterns."

"Supported by long-term leases, strong demand fundamentals, and increasing interest from institutional investors the data center sector continues to strengthen its position as a resilient and attractive investment class within the commercial real estate market despite ongoing challenges related to power supply regulations, grid approvals, and community opposition."

"Metro Manila’s office market faces evolving dynamics as constrained supply and POGO departures challenge growth. Yet, a ‘flight-toquality’ in prime CBDs like BGC and Makati, alongside diversifying demand from IT-BPM and flexible workspaces, signals underlying market resilience and adaptation."

"The performance of the rental market might hint at the future of the overall market. In Q1/2025, the average monthly rental rate for residential properties per sq ft rose by 4.4% YoY despite a general decline in property values."

"Islamabad remains a dynamic office market undergoing a steady transformation. With limited availability of quality space and high occupancy in lower-grade stock, the city presents a strong case for investment in Grade A developments. However, forthcoming supply may lead to normalized rental growth in the short term as the market gradually absorbs upcoming highquality inventory."

"The local industrial market cannot be looked at as a homogeneous asset class. Just breaking it down into factory and warehousing space, the two uses have very different demand drivers. The good news is that the varied nature of this market makes for opportunistic investments for those who have done their homework."

"Ha Noi’s residential market continues to garner demand, supported by new mega projects, improved infrastructure, and a rising middle class. Despite easing supply shortages, prices remain elevated due to the limited availability of affordable options and strong investment appeal."

"Visa reforms, regional travel growth, and Shanghai’s cultural appeal are drawing a new wave of international visitors. Young, digital-savvy, and experience-driven, these travellers are reshaping the retail landscape through evolving preferences, social media influence, and demand for immersive, high-quality offerings."

"The Hong Kong office market has faced significant challenges since mid- 2019, with vacancy rates rising to 14.5% and rents declining by 43%. Despite this, a recent IPO resurgence and demand from financial services may stabilize the market, potentially leading to a rebound in overall rents when vacancy falls below 6%."