Asia Pacific Leasing Market Sentiment Survey(CBRE)

Tenant enquiries were unchanged but site visits fell following the reintroduction of COVID-19 controls, particularly in Australia, Southeast Asia, and Japan.

Flexible space demand continued on a downward trend, but requirements for traditional office space increased.  

Rents improved this month, mainly driven by mainland China, Singapore and India. The period saw stronger pressure to increase incentives, particularly in mainland China and India.

Sentiment in most markets strengthened or remained stable, with mainland China and India among the strongest performers.

This article was originally published in https://www.cbre.com/