Rosy near-term outlook for major Asia-Pacific prime office markets: Knight Frank

Rosy near-term outlook for major Asia-Pacific prime office markets: Knight Frank
Rosy near-term outlook for major Asia-Pacific prime office markets: Knight Frank

Leasing momentum remains robust across Asia-Pacific prime office markets, helped by growing market confidence and a strong recovery of Asia’s export markets so far in 2017, according to Knight Frank.

Robust trade growth, a slight recovery in commodity prices and increased manufacturing and investment paint a good picture of the near-term outlook for major Asia-Pacific prime office markets.

Melbourne, Sydney and Brisbane were all in the top 10 for office yields, according to Knight Frank's latest research.

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Rosy near-term outlook for major Asia-Pacific prime office markets: Knight Frank

“Over the next 12 months, we expect rents in 16 cities out of the 20 tracked to either remain steady or increase, which is the same as our previous forecast,” according to report author Ying Khuan Pow.

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