Asia Pacific Office Digest 1Q 2022

Market conditions broadly supportive of rent growth in Asia Pacific

June 03, 2022

Highlights from the report include:

  • After surging to record levels in 4Q21, Asia Pacific leasing activity fell back to normal levels in 1Q22, gross leasing volumes were up 1.5% over the pre-pandemic five-year first quarter average.

  • Improving business sentiment and strengthening demand saw Asia Pacific rents continue to flatten out in 1Q22. 

  • Investor appetite for high-quality office assets was strong and in aggregate capital values grew 0.7% q-o-q for the second consecutive quarter.

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