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Amid the current challenging times for the global economy, the Asia Pacific region remains a bright spot. This is in part due to new and compelling opportunities for investors, especially in asset classes that go beyond the traditional sectors of residential, commercial, and retail.
This issue of Knowledge Brief explores the case for investing in niche and emerging sectors, which have been outperforming traditional asset classes. These include multifamily housing, flexible office space, senior living, healthcare and life sciences, renewables, modern industrial parks, warehousing, data centres, and more.
What are the trends and opportunities in the regional investment landscape? How has technology, as well as changing lifestyles and working practices, caused investors to rethink their strategies?
The articles in this volume discuss how opportunities abound in the real assets industry, with robust prospects for the Asia Pacific.
Download the Report Read MoreThe Wealth Report is Knight Frank’s flagship annual publication, offering a unique perspective on global wealth, prime property and investment.
Now in its 17th edition, this year’s Report provides a detailed analysis on economic performance, wealth creation and asset classes around the globe, as well as our forecast for commercial and residential real estate the world over.
This report was originally published in https://www.knightfrank.com/wealthreport
Download the Report Read MoreTenant enquiries and site visits rose during the surveyed period. In Hong Kong SAR, the border re-opening and relaxation of anti-pandemic measures led to more enquiries and inspections.
Expansionary demand grew across all sectors, led by retail and industrial. Hong Kong SAR registered a rise in demand for more space, while India continued to see robust new set up and expansion activity.
Incentives weakened across the region in February, particularly in Australia and Korea. Rents continued to recover, led by Korea and India.
Sentiment in most markets improved along with the recovery of expansionary demand. While Asia Pacific remains a tenants’ market, landlords’ negotiation power is increasing.
This report was originally published in https://www.cbre.com/insights/briefs/Asia-Pacific-Leasing-Market-Sentiment-Index-March-2023
Download the Report Read MoreInterest in the logistics sector has persisted over the past half-year, and both development and transaction activity have remained strong. That said, the market appears to be entering a period of transition, and there are some concerns that the previously tight balance between demand and supply has already started to loosen.
Although vacancies in Greater Tokyo and Greater Osaka remain moderate overall, average rents experienced a contraction over the past half-year. Furthermore, some existing facilities are reportedly struggling with vacancies, and pre-leasing activity has been sluggish in several new developments.
Indeed, a wave of new supply is forecast over the next few years in both submarkets, and competition for tenants will increase, which is likely to contribute to some upward vacancy movement and revisions in rents. Meanwhile, structural factors also look set to affect confidence in the logistics sector. The ongoing labour shortage continues to increase labour costs for logistics companies, while the increase in construction costs and interest rates are forcing some investors to reconsider acquiring land for development as well as logistics facilities for the meantime.
Nonetheless, the fundamentals in the sector are still strong, and tenant demand will likely persist due to the strong growth potential of the e-commerce industry. Hence, the outlook should remain positive overall for the logistics market going forward.
This report was originally published in https://www.savills.co.jp/research_articles/167577/210564-0
Download the Report Read MoreWith e-commerce penetration moderating and the growth in online sales normalising, at the same time consumers are returning to physical retail stores in great numbers, boosting footfall across many markets in Asia Pacific. Our research finds that an overwhelming majority of consumers in the region still choose to purchase goods using a range of different physical and digital touchpoints, otherwise known as omnichannel.
This Viewpoint identifies the factors driving the return to brick-and-mortar retail and explains how operators of physical stores can adapt and evolve to ensure they stay relevant in the omnichannel world.
While evidence shows that physical stores will remain at the forefront of sales strategies, CBRE believes their role must adapt and evolve to serve omnichannel retail. This evolution will see retail stores shift away from being locations purely where transactions are made, towards becoming hubs that provide comprehensive customer experiences. Investors and landlords must also adjust their strategies to suit changing consumer behaviours and retailers’ preferences.
This report was originally published in https://www.cbre.com/insights/viewpoints/optimising-brick-and-mortar-stores-to-serve-omnichannel-retail
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