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The Asia Pacific office demand declined from 103 million sf in 2019 to 53 million sf in 2020 as occupiers sought to limit cost exposures during the COVID-19 pandemic.
In line with this decline in demand, vacancy has increased, and rents have softened across most markets, pushing them towards greater tenant-friendly status and providing occupiers with a window of opportunity in negotiating any forthcoming lease commitments.
However, corporate occupiers need to be aware that these changes may not bring the cost savings that they might expect – some markets may see tenants having to pay more on a new lease than they were paying on the last year of an expiring lease.
In our Asia Pacific Office Rental Variability Index we take a closer look at:
The COVID-19 pandemic caused a high degree of uncertainty across the Queensland economy and the commercial property market. However, the Industrial and Logistics sector (I&L) has been the clear winner particularly as e-commerce penetration accelerated over the past 18 months and is one of the key drivers of demand for floorspace. Investors have responded by seeking to increase their exposure to the sector, and now investment sale volumes in Queensland was the highest on record in 2020.
This report will detail some the key trends driving the Brisbane industrial and logistics market, and provides greater insights on the supply and take-up of industrial land.
Read MoreMost efforts to manage climate and ESG portfolio risks have involved reducing holdings of stocks negatively exposed to these risks, and increasing those that are positively exposed. Professionally managed ETFs and mutual funds have been a natural starting point for investors to align exposures with their objectives, but index derivatives could have a critical part to play, being one of the largest global markets with a substantial role in the financial system and the management and transfer of risk. We investigate the potential for derivatives to help market participants seek to efficiently align exposures with their objectives, while facilitating transparency, price discovery and market efficiency.
Download the Report Read More• The investment sales volume rose for a fi fth consecutive quarter, up by 62.0% quarter-on-quarter (QoQ) to S$6.18 billion in the second quarter of the year. Compared with the same period last year, investment sales nearly tripled from the low base established when Singapore was under the Circuit Breaker period.
• Residential investment sales constituted the largest proportion of total investment sales of 48.6% in the quarter, increasing by 60.0% to S$3.0 billion.
• Investment sales in the commercial segment continued to grow by 57.5% to S$2.24 billion, with the increment largely attributed to the 75.7% expansion in offi ce investment sales due to more block transactions.
• With stronger performance of the manufacturing sector and growth in the e-commerce and logistics sectors, the industrial segment registered close to S$924.0 million in Q2/2021, up 88.2% from the previous quarter.
• As the vaccination program progresses and with Covid-19 infections in Singapore under control, investor sentiment is expected to remain strong, and this may lead investment sales to return to pre Covid-19 levels in the near future. Yields will compress further as capital piles into the limited stock of investable assets.
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