Asia Pacific Market Sentiment Survey - June 2022 (CBRE) 13 June 2022
Tenant enquiries and site visits rebounded in May following the further relaxation of COVID-19 controls. Mainland China remained the lone exception.
Demand for traditional space is being negatively impacted by mainland China’s anti-pandemic measures and a rising number of downsizing enquiries. However, India and Australia saw robust new set up and expansion demand.
Pressure for higher incentives remained weak, particularly in Australia. Rents continued to recover, led by cities in India.
Sentiment in most markets improved as the bulk of markets in the region continued to shift away from being tenant-favoured. Mainland China was among the weakest performers.
This report was originally published in https://apacresearch.cbre.com/en/research-and-reports/Asia-Pacific-Market-Sentiment-Survey---June-2022
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