Asia Pacific Commercial Real Estate News
Asia Pacific Commercial
Commercial Property Investment in Japan to Weaken in 2024
According to new data from CBRE, consensus forecasts expect the Japanese economy to continue to see moderate growth of around 1% per annum in 2024 and beyond. Capital expenditure is projected to increase on the back of generally strong corporate earnings.
Hong Kong's Commercial Property Market Faces Ongoing Challenges in 2024
According to JLL's newly released Year-End Property Market Review and 2024 Forecast, Hong Kong's commercial property leasing and investment markets experienced a slower-than-expected improvement in 2023.
Asia Pacific Commercial Investment Dives 22 Percent in Q3
According to JLL, commercial real estate investment activity in Asia Pacific declined 22% year-on-year in the third quarter of 2023, recording the lowest quarterly figure since Q2 2010.
Global Commercial Investment Implodes 51 Percent Annually in Q3
Global commercial real estate investment declined by 51% year-over-year in Q3 to $142 billion. Investment fell by 53% in the Americas, 54% in Europe and 31% in Asia-Pacific. Rising interest rates in many countries contributed to the significant drop of investment activity.
