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The Market Outlook for 2022 looks at Hong Kong’s core sectors (office, industrial, retail, investment) and has forecast a measured yet steady market stabilisation in year of continued recovery, renewal and reset. The research explains we expect a moderate start to the year, with momentum gathering pace from the second quarter onwards. Prices and rents have reset to a more attractive level, and we see now as a good time for investors and occupiers to drive their real estate strategies to capitalise on growth opportunities.
This report was originally published in https://www.colliers.com/
Download the Report Read MoreKnight Frank's Asia-Pacific Prime Office Rental Index saw a 0.3% quarter-on-quarter increase, the first uptick since Q3 2019, before the start of the pandemic. Overall vacancy remains elevated at 12.8%, but office rents are likely to have bottomed out, thanks to improving business sentiments and a gradual and more sustainable return to workplaces, especially among big tech occupiers taking advantage of lower rents to move into high-quality CBD office spaces.
While conditions remain tentative due to the Omicron variant, we expect rents to continue stabilising into 2022 with more markets in the region reaching an inflexion point in the rental downcycle. As occupiers continually evolve their space strategies on the adoption of hybrid working styles, 2022 will be a year of reset and experimentation. However, this does not mean less demand for office spaces. We expect leasing activity to strengthen into 2022, with demand underpinned by the integration of flexible space solutions and a pivot to quality spaces that emphasises wellness and employee experience.
This article was originally published in https://www.knightfrank.com/
Download the Report Read MoreExplore a unique way to assess and score 55 global primary and emerging data center markets utilizing 13 criteria.
Read MoreAcross the Asia Pacific, what are companies doing to achieve NET ZERO carbon emissions?
APREA's latest issue of Knowledge Brief, The Race to Net Zero, gathers thought leaders in the region, from real estate developers and investors to assets managers and technology providers, providing insightful perspectives and best practices on how businesses and stakeholders in the real assets sector can embark on a journey to #sustainability.
Download the Report Read MoreOverall office gross absorption across the top six cities was at about 33 million sq feet, 10% higher compared to 2020. Pan-India absorption during the year surpassed the annual gross absorption during 2016-2018 by 7%, signalling a strong revival in occupier confidence.
This article was originally published in https://www.colliers.com/en-in
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