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.
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.
HK logistics market faced mixed results in Q4: Savills
In Q4/2023, Hong Kong's logistics market saw a rise in warehouse vacancies due to new developments. However, there was a rebound in merchandise trade and air freight, driven by regional trade revival and e-commerce growth is expected to support the market in 2024.
APAC remains dominant source and destination for global capital: Colliers
Singapore, Hong Kong, China, and Japan among top 10 sources of cross-border capital in the second half of 2023, despite global investment volumes being below average.
Shortage for industrial spaces in Northern Metropolis - CBRE
According to CBRE, the relocation of Northern Metropolis brownfield sites will create significant demand for industrial leasing, with potential shortages of up to 15.5 million sq. ft. of industrial space projected from 2024 to 2029.
Asia-Pacific region tops luxury residential market performance in 2023: Knight Frank
Latest edition of The Wealth Report by Knight Frank reveals that despite interest rate hikes, 80% of global prime residential markets saw either flat or positive annual growth in 2023. Luxury prices rose by 3.1% on average, with the Asia-Pacific region leading at 3.8%.