22 Dec '16, 2am

Strong occupier demand in Asia Pacific in 2017

Strong occupier demand in Asia Pacific in 2017

E-mail to friend Bookmark & Share Asia Pacific’s commercial real estate market is set to witness strong occupier demand, high transaction volumes and healthy investor flows in 2017, revealed a Cushman & Wakefield report. This comes as the region is expected to maintain its modest growth pace into 2017, with gross domestic product (GDP) expanding by five to 5.2 percent in the year, said Sigrid Zialcita, Research managing director for Asia Pacific at Cushman & Wakefield. Given the relatively healthy economic landscape across the region, job gains in office-using employment sectors are expected to drive new office space requirements to record highs within the region. Top-performing markets continue to be those with broad-based growth across industries and sectors such as Beijing, Shanghai and Tokyo; as well as information technology/business process outsourcing (IT-BPO) hubs ...

Full article: http://www.commercialguru.com.sg/property-management-news...

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