Asia Pacific Leasing Market Sentiment Survey March 2022
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Tenant enquiries and site visits declined as Omicron spread across the region. Activity fell noticeably in Hong Kong SAR and mainland China, which retain zero-Covid policies. | ![]() |
Demand for traditional office space fell this quarter following the introduction of measures to contain the spread of the Omicron variant. However, flexible space demand remained solid. |
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Pressure for higher incentives remained weak, particularly in mainland China, Australia and India. Rents continued to recover, led by Singapore, Hong Kong SAR and Japan. | ![]() |
While sentiment in most markets faded slightly, with Hong Kong SAR among the weakest performers, the bulk of locations continued to shift away from being tenant-favoured. |
![]() |
Tenant enquiries and site visits declined as Omicron spread across the region. Activity fell noticeably in Hong Kong SAR and mainland China, which retain zero-Covid policies. |
![]() |
Demand for traditional office space fell this quarter following the introduction of measures to contain the spread of the Omicron variant. However, flexible space demand remained solid. |
![]() |
Pressure for higher incentives remained weak, particularly in mainland China, Australia and India. Rents continued to recover, led by Singapore, Hong Kong SAR and Japan. |
![]() |
While sentiment in most markets faded slightly, with Hong Kong SAR among the weakest performers, the bulk of locations continued to shift away from being tenant-favoured. |
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Research Contacts

Dr. Henry Chin
Global Head of Investor Thought Leadership
& Head of Research, APAC
Research

Ada Choi, CFA
Head of Occupier Research, APAC
& Head of Data Intelligence and Management, APAC

Cynthia Chan
Director
Asia Pacific
Research

Felix Lee
Senior Analyst
Asia Pacific
Research

Susan Man
Analyst
Asia Pacific
Research
Business Line Contacts

Luke Moffat
Regional MD, Head of Advisory & Transaction Services
Asia Pacific

Paul Hubbard-Brown
Managing Director
Asia Pacific
Advisory & Transaction Services

Rohini Saluja
Managing Director
Asia Pacific
Advisory & Transaction Services

Emily Gray
Senior Director
Asia Pacific
Advisory & Transaction Services