Japan and Singapore favour owners amid tight vacancy. Tenants in Mainland China and some Southeast Asian cities continue to have the upper hand in negotiations.
Leasing Activity
Office
Middle East Conflict
Leaders & Laggards
Japan and India are strong landlord's markets. Mainland China is still tenant favourable due to the upcoming supply peak.
Retail
Easing prime supply is strengthening landlords' position in India and Japan. Australia and mainland China remain tenant-favourable.
Industrial & Logistics
Most occupiers are only mildly concerned. Business is largely continuing as usual.
Middle East Conflict
Leasing Activity
Leaders & Laggards
Office
Most retailers are only mildly concerned and are still assessing the situation. Only a few have postponed expansion plans.
Retail
Occupiers in most markets are adopting a wait-and-see approach due to concerns over elevated energy and freight costs.
Industrial & Logistics
More occupiers are evaluating renewal vs. relocation decisions due to concerns about rising fit-out costs.
Middle East Conflict
Leaders & Laggards
Office
Expansionary demand is still resilient across most markets. Only Australia and some Southeast Asian cities are seeing some pullback.
Retail
Resilient trade flows continue to underpin expansionary activity, particularly in less-affected markets.
Industrial & Logistics
Leasing Activity