Asia Pacific Commercial Real Estate News
Asia Pacific Commercial
Hong Kong Class A Office Rents Continue to Downtick in Mid-Summer
According to JLL's latest Hong Kong Property Market Monitor report, vacancy rates of Grade A offices in Central and Hong Kong East improved in July 2024, but office rents continue to slip.
Phnom Penh's Commercial Office, Retail Markets Face Slowdowns in 2024
In the first half of 2024, Phnom Penh's commercial markets have faced a downturn, as reported by global property consultant CBRE. Both the office and retail sectors experienced declines in rent and occupancy rates in H1 of 2024.
Global Edge Data Center Market to Hit $300 Billion by 2026
Real estate consulting firm JLL predicts a significant increase in data-dependent technologies like the Internet of Things (IoT) and generative artificial intelligence (AI) will drive the need for robust IT infrastructure, particularly in the form of edge data centers.
Commercial Property Transactions in Japan Dive 25 Percent Annually in Q2
Global property consultant CBRE reported this week that Japan's commercial real estate transaction volume for Q2 2024 decreased by 25% year-over-year to JPY 663.0 billion.
