• CBRE’s monthly market sentiment survey showed higher tenant enquiries and more frequent site inspections in Q1 2021, which translated to stronger office leasing activity during the quarter.

 

  • Flight-to-quality remained a prominent trend, with occupiers seeking offices in buildings providing better space efficiency and supporting infrastructure.

 

  • With the Asia Pacific office market set to continue to favour tenants, occupiers have a window of opportunity to refine their corporate real estate strategies.

 

  • The addition of new supply will ensure vacancy trends up over the remainder of the year, providing leverage for occupiers to obtain attractive terms.