AN EXPECTED RECOVERY, AN UNEXPECTED NEW WAVE OF INFECTIONS
ECONOMY
OFFICE
RETAIL
LOGISTICS
CAPITAL MARKETS
Steady economic
at the beginning of 2021
GDP growth has been disrupted by delta variant. The recovery will continue but at a
RECOVERY
SLOWER PACE
7.1%
6.8%
2021F (Forecast made in January)
2021F (Forecast made in July)
2021F APAC GDP Growth
AN EXPECTED RECOVERY, AN UNEXPECTED NEW WAVE OF INFECTIONS
ECONOMY
OFFICE
RETAIL
LOGISTICS
CAPITAL MARKETS
is the new norm
Plans to return to the office have been delayed. Leasing markets will continue to favour tenants. Regional rents will continue to
HYBRID WORKING
DECLINE
-1.6%
-2.5%
2021F (Forecast made in January)
2021F (Forecast made in July)
2021F APAC Office Rents
AN EXPECTED RECOVERY, AN UNEXPECTED NEW WAVE OF INFECTIONS
ECONOMY
OFFICE
RETAIL
LOGISTICS
CAPITAL MARKETS
Rebound in
Retail trading has been disrupted by new rounds of restrictions. Most markets have
their 2021 rental forecasts
CONSUMER SPENDING
downgraded
-0.7%
-1.3%
2021F (Forecast made in January)
2021F (Forecast made in July)
2021F APAC Retail Rents
AN EXPECTED RECOVERY, AN UNEXPECTED NEW WAVE OF INFECTIONS
ECONOMY
OFFICE
RETAIL
LOGISTICS
CAPITAL MARKETS
Strong expansionary demand is driving
growth
The rental outlook has been upgraded but growth will
due to the ample pipeline
OMNICHANNEL RETAIL
slow in h2 2021
2.0%
3.0%
2021F (Forecast made in January)
2021F (Forecast made in July)
2021F APAC Logistics Rents
AN EXPECTED RECOVERY, AN UNEXPECTED NEW WAVE OF INFECTIONS
ECONOMY
OFFICE
RETAIL
LOGISTICS
CAPITAL MARKETS
Investors have resumed
Full-year investment turnover forecasts have been raised to
after stronger than expected H1 2021
PURCHASING
+15 to 20%
+5 to 10%
+15 to 20%
2021F (Forecast made in January)
2021F (Forecast made in July)
2021F APAC Investment Volume
AN EXPECTED RECOVERY, AN UNEXPECTED NEW WAVE OF INFECTIONS
ECONOMY
OFFICE
RETAIL
LOGISTICS
CAPITAL MARKET
Steady economic
at the beginning of 2021
GDP growth has been disrupted by delta variant. The recovery will continue but at a
RECOVERY
SLOWER PACE
is the new norm
Plans to return to the office have been delayed. Leasing markets will continue to favour tenants. Regional rents will continue to
HYBRID
WORKING
Rebound in
Retail trading has been disrupted by new rounds of restrictions. Most markets have
their 2021 rental forecasts
COnsumer spending
downgraded
DECLINE
Strong expansionary demand is driving
growth
The rental outlook has been upgraded but growth will
due to the ample pipeline
omnichannel retail
SLOW IN H2 2021