Asia Pacific Leasing Market Sentiment Index - Mar 2025 19 March 2025
CBRE’s latest Asia Pacific Leasing Market Sentiment Index reveals that overall leasing sentiment improved in Q1 2025, driven by a rise in office and retail demand:
- Office – Sentiment improves in multiple markets: Moderate increase in enquiries and site inspections across most markets, partly due to seasonal factors. While regional leasing activity continued to be dominated by renewal vs. relocation decisions, expansionary appetite for office space increased in India and Japan.
- Retail – Expansionary demand continues: Prime space in core locations underpinned improved leasing sentiment. However, rents in most markets were largely unchanged as retailers adopted a more cautious attitude towards real estate planning.
- Industrial & Logistics – Tenant market persists: The overall market remains predominantly in favour of tenants amid slower leasing activity in mainland China and Hong Kong SAR. However, the period witnessed a moderate increase in site enquiries as selected occupiers sought cost-saving options for consolidation and downsizing.
