Asia Pacific Prime Office Rental Index Q1 2021

Research Date: Friday, 21 May 2021
Asia Pacific Prime Office Rental Index Q1 2021 | KF Map – Digital Map for Property and Infrastructure in Indonesia

Economic conditions for Asia-Pacific are quickly improving; this was confirmed by the IMF’s recent April outlook update which saw 2021 GDP forecasts upgraded. Major economies such as Mainland China and Japan are now expected to record GDP growths of 8.4% and 3.3% respectively in 2021 compared to 8.1% and 3.1% previously. However, despite the rosier economic expectations, the office markets across Asia-Pacific during the quarter stayed lacklustre as leasing activity remained subdued and employees have been slow to return to the office – even in markets which have well supressed COVID-19 infections for a prolonged period.

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