Asia Pacific Office Market Dynamics Q2 2026

Demand resilience centres on prime assets

Highlights from the report include:

APAC leasing momentum remained resilient in Q2 2026 though showed mixed results across markets, underpinned by persistent demand for high-quality, well-located space as workplace quality considerations and strategic upgrades shaped tenant decisions.
Regional supply totaled 1.2 million s.m., slightly moderating from prior quarter levels. Vacancy rates edged down despite fresh completions, reflecting healthy underlying market fundamentals and sustained absorption in premium segments.
Office investment volumes reached USD 17.2 billion—up 29% year-on-year—as institutional capital targeted high-quality assets, keeping office the region's most active real estate sector by volume.