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

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 katherine.yu@cbre.com. 

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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.