CBRE’s Post

Many occupiers are taking a strategic approach to their office spaces, those considering relocation are prioritizing quality over size, particularly in markets like Japan, Singapore, and Australia. This emphasis on quality and sustainability is transforming the commercial real estate landscape, driving long-term value and resilience for both occupiers and landlords. #realestate #sustainability #ESG #commercialrealestate #APAC #CBRE

The office market in Asia Pacific is experiencing a shift – tenants are prioritizing high-quality workspaces. This "flight to quality" is driven by a few key things: Location, Location, Location: Employees are prioritizing core business districts with easy access to public transport and amenities. Companies are following suit, recognizing the impact of location on employee satisfaction and productivity. Work Reimagined: The rise of hybrid work necessitates workplace transformation. Modern office spaces with flexible space options, modern layouts and high end technology are in high demand, allowing companies to adapt to evolving work styles. Going Green Together: Sustainability is a major concern. Tenants are seeking green-certified buildings with energy-efficient features. This aligns with both corporate sustainability goals and employee preferences for environmentally friendly workplaces. Quality Over Quantity: While new office supply is increasing, there's a flight to quality. Demand is strongest for premium, well-equipped buildings, suggesting a potential tightening of good quality office space availability. Power to the Tenant: The market seems to be favoring tenants. With a focus on quality and amenities, companies have greater leverage to negotiate for spaces that meet their specific needs and attract top talent. #commercialrealestate #APAC #futureofwork #sustainability

As the flight to quality trend is observed across Asia Pacific #office markets, occupiers are showing a strong preference for core locations and better quality space. What is driving this trend and how is it impacting prime and Grade A office rents and occupancy rates? Unlock more insights in our latest report: https://cbre.co/3VD4mAf #CBREInsights

Office relocation often involves flight to quality in recent years. Our latest report explores how it is trending in APAC region and what does it mean to occupiers and landlords.

As the flight-to-quality trend is observed across Asia Pacific office markets, occupiers are showing a strong preference for core locations and better quality space. What is driving this trend and how is it impacting prime and Grade A office rents and occupancy rates? Unlock more insights in our latest report: https://cbre.co/3xfmrLs #CBREInsights

European office occupancy up to 59%, Madrid nears pre-pandemic levels Mike Barnes, Associate Director in Savills European commercial research team, says: “As we anticipated during our last survey six months ago, average European office occupancy rates have started to stabilise around the 60% mark, which implies that companies and employees are finding an equilibrium that works for them. The European cities that are showing a pattern of high occupancy – namely Madrid, London West End and Paris CBD – are supported by good transport links and have a broad mix of tenants from different sectors.” Mike Barnes Savills #realestate #officespace #europe

CBRE has observed an upturn in the Core CBD (Grade A) office market sentiment, with better-than-expected leasing activity and reduced shadow space. The amount of shadow space in Q3 has halved to 0.33 million square feet, from the record high of 0.7 million square feet in Q1 2023. Despite the near-term risks, Grade A office rents in the core CBD were up 1.3 per cent in the year to date, showcasing Singapore's strong office fundamentals. As we approach year-end, the outlook remains positive with a potential 1.5-2% rental growth for the year. Find out what David McKellar and Tricia Song had to say in The Business Times. https://cbre.co/3PsXIIB #CBREInsights #Singaporeofficemarket #realestatetrends

SINGAPORE OFFICE MARKET FORECAST – We expect market rates to firm in 2024, but only marginally. These rents are indeed being supported by the tight supply conditions, but demand is still relatively weak and some tenants are resisting further rate advances... For all the latest information on supply and demand, market forecast and future office developments, check out our latest Office Market Update for Q4 2023: https://bit.ly/3PdkYdr DOWNLOAD TODAY, and if you have any questions, or are considering moving office in 2024/2025, please do get in touch. #realestate #corporaterealestate #commercialrealestate #commercialproperty #tenants #officeleasing #officemarket #officeforlease #officebuildings #office #singaporerealestate #singaporebusiness #singaporeproperty #singapore

SINGAPORE OFFICE MARKET FORECAST – We expect market rates to firm in 2024, but only marginally. These rents are indeed being supported by the tight supply conditions, but demand is still relatively weak and some tenants are resisting further rate advances... For all the latest information on supply and demand, market forecast and future office developments, check out our latest Office Market Update for Q4 2023: https://bit.ly/3PdkYdr DOWNLOAD TODAY, and if you have any questions, or are considering moving office in 2024/2025, please do get in touch. #tenants #realestate #corporaterealestate #commercialrealestate #commercialproperty #officeleasing #officemarket #officeforlease #officebuildings #office #singaporerealestate #singaporebusiness #singaporeproperty #singapore

Office markets around the globe are facing different challenges. Our research shows how rent differs in each markets worldwide. How is your current lease compared to the market; is it aligned or is there any room for improvement? I'd be glad to share my thoughts on your lease, feel free to reach me!