According to new CBRE data, Brisbane has emerged as an Asia Pacific leader in the office leasing stakes, ranking second only to Seoul when it comes to growth in the city's tenancy base over the past 18 months.
Based on new data by global property consultant Knight Frank, surging inflation and constant mortgage rate hikes in 2023 have hobbled many mainstream property markets, worldwide. While many property markets have borne the brunt of this pain, property sales volumes, not home prices, have been the greatest casualty to date.
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.
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