Asia Pacific Office Digest 2Q 2022
Investors exercise caution in the face of evolving monetary policy
August 25, 2022
Highlights from the report include:
- Leasing activity was mixed but despite headwinds, sentiment remains broadly buoyant compared to a year ago, and volumes were up 17% y-o-y in the quarter.
- A flight to quality provided support to Grade A office rents in many markets, which trended up for the second consecutive quarter.
- The policy rate environment continues to evolve rapidly, and capital values are likely to decline marginally in 2H22.