Research

Asia Pacific Office Q2 2023

Lopsided recovery in leasing markets

September 08, 2023
Highlights from the report include:
  • Leasing volumes in Asia Pacific during 2Q23 matched their levels from a year ago, and were up 13% on 1Q23

  • Against a backdrop of over 1.6 million sqm of new supply delivered during the quarter and a rising regional vacancy rate, Asia Pacific rents declined 0.2% q-o-q

  • Peaking interest rates and concerns about the impact of hybrid work on office leasing demand led Asia Pacific capital values to trend down

Fill out this form to download report

There was an error submitting the form. Please try again. 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally, the personal information we collect from you are for the purposes of downloading materials you have requested.

We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.