Insights: CBRE Asia Pacific Trends Q1 2023 - Office, Retail, Logistics, Hotels and Investment


Press Circular -- CBRE just released the Asia Pacific Trends Q1 2023, featuring in-depth and up-to-date data and insights on the Office, Retail, Logistics, Hotel and Investment markets across Asia Pacific.

Key trends include:

Office (Full report: Asia Pacific Office Trends Q1 2023 | CBRE)

  • Anticipated strong recovery in demand fails to materialise
  • Most occupiers remain in wait-and-see mode
  • Leasing to stay focused on flight to quality relocation; Premium space remains keenly sought after

Retail (Full report: Asia Pacific Retail Trends Q1 2023 | CBRE)

  • Retail sales growth accelerates as tourists return
  • Tourist-oriented retailers turn more active
  • Labour shortages inhibit service trades' expansion

Photo Credit: Kin Pastor / Pexels

Logistics (Full report: Asia Pacific Industrial & Logistics Trends Q1 2023 | CBRE)

  • Slower economic growth and weaker consumption drags on leasing activity
  • 3PLs and e-commerce platforms drive demand
  • New supply continues to accelerate

Hotel (Full report: Asia Pacific Hotel Trends Q1 2023 | CBRE)

  • Hong Kong SAR, Japan and mainland China bounce back after borders re-open
  • Mainland Chinese arrivals slower than expected outside of Hong Kong SAR
  • Investment deals stable in Q1 2023, driven by significant transactions in Japan and Australia

Investment (Full report: Asia Pacific Investment Trends Q1 2023 | CBRE)

  • Negative carry drives some motivated sellers to increase discounts
  • Cap rates set to expand further over remainder of year
  • Purchasing activity to remain muted but should resume in H2 2023

Should you have questions, require further information, or would like to speak to a CBRE expert on this topic, please feel free to contact

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