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APAC Cities Among Top 10 for Prime Office Costs

APAC Cities Secure Spots in Global Top 10 for Prime Office Costs in Q4 2024 Three major cities in the Asia-Pacific region have secured their positions among the world’s top 10 most expensive prime office locations in the fourth quarter of 2024, according to Savills’ latest Prime Office Costs report. The cities ranked second, fifth, and sixth globally, highlighting the continued demand for premium office space in the region. Global Prime Office Market Trends The report reveals a 0.3% increase in prime office rents and a 0.2% rise in fit-out costs in Q4 2024. Average net effective costs showed a

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March 26, 2025 No Comments
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Asia Pacific CRE Investment Up in 2025

Investor Confidence Strengthens Amid Stabilizing Interest Rates Investor sentiment towards commercial real estate in the Asia Pacific region has rebounded in 2025, with a notable increase in buying intentions. According to CBRE’s 2025 Asia Pacific Investor Intentions Survey, net buying intentions have surged from 5% in 2024 to 13% this year. This resurgence is largely driven by declining debt costs, asset repricing, and growing interest in core-plus and value-add strategies. Greg Hyland, Head of Capital Markets, Asia Pacific at CBRE, attributes this positive shift to stabilizing financial conditions. “We are seeing the capping of interest rates in many Asia Pacific

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March 13, 2025 No Comments