The WPJ

Top Commercial Real Estate News

Tokyo's Prime Office Rents Forecasted to Dip in 2022

The primary factors were an increase in vacancies in existing buildings as a result of relocations to newly completed properties, as well as consolidations and partial cancellations implemented as cost-cutting measures.

Last Year 99 Million Square Feet of Retail Space Leased in the U.S.

Based on new data from CBRE, the U.S. retail market bounced back significantly in 2021, recording 99 million sq. ft. of positive absorption, the highest total since 2016.

U.S. Enjoys Record Number of Mega Warehouse Leases in 2021

Last year was a record year for large warehouse leases, driven by a rebounding economy and strong e-commerce sales.  Companies committed to 57 warehouse leases of 1-million-sq.-ft. or larger across the U.S. in 2021, a 19% increase from 2020.

Hong Kong Office Market Records Positive Office Absorption Late in 2021

According to JLL's latest Hong Kong Property Market Monitor, positive net absorption was recorded in the overall Grade A office market for the third consecutive month, at 9,100 square feet in December 2021.

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