Highlights from the report include:
- Tenants concerned about rising fit-out costs may prefer renewing existing leases over costlier relocations, however demand remains strong for premium quality office spaces in prime locations, as occupiers prioritize future-proofing their portfolios through employee-centric designs and sustainability features.
- With an estimated 5.4 million sqm of new office space set to be delivered by the close of 2025, starting lease negotiations early will be key for mitigating cost pressures, securing high-quality premises, and adapt to evolving market conditions.
- Asia Pacific office investment hit USD 17.8 billion in Q3 2025, driven by South Korea and Japan, with focus on core assets with rental growth potential.