According to CBRE's newly released 2023 Asia Pacific Real Estate Market Outlook Mid-Year Review, a continued challenging environment for the Asia Pacific commercial real estate investment market still persists due to the prolonged interest rate hike cycle, insufficient price corrections, and a slower than expected recovery of mainland China.
According to a new CBRE survey, logistics occupiers in Asia Pacific plan to expand their warehouse portfolio in the next three years, with a focus on high-quality facilities located in prime areas near customers and public transport.
Based on Knight Frank's 2023 Global Waterfront Index, waterfront property generated a 118% premium on average around the world, down only marginally from 121% last year, as Sydney retains the top spot.
According to new CBRE data, top end commercial transactions have been most impacted by the slow-down in investment activity in 2023, with the smaller end of the market proving to be more resilient.