Savills China office market report: Increasing demands on workspaces force landlords to adopt new strategies
26 April 2019
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Prime Benchmark, January 2019
18 March 2019
In local terms, prime office rental markets in most cities are now in a late up-cycle. The prime markets recorded rental movements from -4.8% (Jakarta) to +8.3% (Sydney). Investor appetite was strong for Sydney CBD office assets in 2018, with record high capital values and a low vacancy rate of less than 4%. Hong Kong continued to outperform other cities and remained as the most expensive prime office market in the region, with rents hitting nearly US$300 per sq m net pm, more than double its closest rival, Tokyo.
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