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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