Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1} Share on Naver
Global Portfolio Administration Global Portfolio Administration

Insights

Asia Pacific Office Outlook 2023

Supply, Demand, Vacancy and Rent: A look at the fundamentals underpinning Asia Pacific’s key office markets in 2023 and beyond.

Asia Pacific’s key office markets tell a story of resilience overall. Since the pandemic began at the end of 2019, 153 million square feet (msf) of office space has been absorbed across the region’s top 25 markets – with 47 msf of that absorbed between January and October 2022.

In fact, Asia Pacific continues to be the only region to record consecutive quarters of positive net absorption throughout the pandemic. The broad outlook is for this to continue, though with nuance at the local level. Read more about the 2023 regional office outlook here or explore market-by-market below.

OFFICE OUTLOOK OVERVIEW

Select a city from the left side menu to view its 2023 office outlook snapshot.

*For best results, please view this map in Google Chrome

 

DOWNLOAD THE 2023 OFFICE OUTLOOK 

Contact

Dominic-Brown_Headshot_AP
Dominic Brown

Head of International Research, Global Think Tank • Brisbane

Related Insights

Asia Reit Market Insight
Research • Investment / Capital Markets

2022 - 2023 ASIA REIT Market Insight

We investigate the growing Real Estate Investment Trust market in Asia, examining the primary drivers and state of play in key markets including Japan, Singapore, Hong Kong SAR, mainland China and India.
Catherine Chen • 07/08/2023
Reset 2022
Research

Reset 2022 | A Three-Part Outlook Series

A three-part series that reassesses Asia Pacific’s macro-economic environment within current global conditions — and what it means for commercial real estate investors and occupiers.
12/07/2022
APAC Office of the Future Revisited
Research • Workplace

Asia Pacific Office of the Future Revisited

Our latest insight establishes three realities through the Asia Pacific lens: office space is still in demand, hybrid is here to stay, and the role of the office has changed. We explore the nuances, challenges and opportunities in the region.
15/06/2022

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS