Asia Pacific Cross-Sector Report Q1 2023

Highlights from the report include:
 

• Office: Flight to quality remains a theme and robust demand for premium space has sustained bifurcation in the market

• Logistics & Industrial: Occupier demand is forecast to slow from 2022 levels, dragged down by lower take up from e-commerce groups, but demand from 3PL groups should remain robust

• Retail: Reopening tailwinds continue to benefit retail markets across Asia Pacific, driving healthy leasing activity in the region despite persistent looming global macroeconomic headwinds

• Hotels: Tourism demand continues to increase strongly across the region, and hotels are gradually shifting from domestic to international demand

• Residential: Residential market conditions across Asia Pacific remained diverse, but leasing and capital markets generally displayed resiliency, with most markets recording modest growth