Asia Pacific Leasing Market Sentiment Survey March 2022



icons-01 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. icon-02 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.
icons-03 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. icons-04 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.
icons-01
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.
 
icons-02
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.
 
icons-03
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.
 
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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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