Research Centre

Asia Pacific MarketView Q1 2018


10 May 2018

Occupier and Capital Markets Enjoy Positive Start to the Year

Office

Stronger than expected office leasing demand supported an increase in net absorption in Q1 2018. Active markets included Bangalore and Tokyo. Asian financial companies and tech firms continued to display a strong appetite for expansion and relocation, while co-working firms remained aggressive.

Retail

Retailer demand was solid in Q1 2018 amid the generally positive outlook for key markets including Hong Kong, Singapore and China. F&B remained the major demand driver, while other active sectors included luxury, fast fashion, lifestyle and entertainment.

Logistics

Demand for warehouse space remained robust, with the exception of India and a few markets in the Pacific. Third-party logistics and e-commerce forms registered solid expansionary demand.

Investment

Commercial real estate investment turnover stood at US$25.4 billion in Q1 2018, an increase of 7.8% y-o-y. Market performance was mixed, with transaction volume increasing in China, Hong Kong and Korea, but declining in Australia and Singapore. Tight capital controls meant fewer big ticket cross-border deals were completed by Chinese buyers.

 

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James Pitchon
Executive Director

Phone: +66 2 119 2901
Fax: +66 2 685 3307
CBREThailand
Executive Director
james.pitchon@cbre.co.th
Sales Staff