Demand for commercial property in Asia continued to grow in the first quarter of 2010
as the improving economic environment encouraged companies to revive expansionary
plans and actively search for new premises. Numerous occupiers in the office sector took
advantage of the lengthy downward correction in rents - which has lasted over a year
in most markets - to upgrade their premises to Grade A facilities while a rise in leasing
activity was recorded in key shopping districts in major Asian cities as retailers, particularly
fast fashion and F&B chains, displayed a renewed willingness to expand. In the industrial
sector, a jump in demand for industrial property drove increases in rents in several major
cities across China, while buyers and investors in the luxury residential sector exhibited
a more cautious stance following a shift in real estate policy settings implemented by
various governments looking to clamp down on speculative activity and rein in the rapid
escalation of capital values.
内容摘要:Demand for commercial property in Asia continued to grow in the first quarter of 2010
as the improving economic environment encouraged companies to revive expansionary
plans and actively search for new premises. Numerous occupiers in the office sector took
advantage of the lengthy downward correction in rents - which has lasted over a year
in most markets - to upgrade their premises to Grade A facilities while a rise in leasing
activity was recorded in key shopping districts in major Asian cities as retailers, particularly
fast fashion and F&B chains, displayed a renewed willingness to expand. In the industrial
sector, a jump in demand for industrial property drove increases in rents in several major
cities across China, while buyers and investors in the luxury residential sector exhibited
a more cautious stance following a shift in real estate policy settings implemented by
various governments looking to clamp down on speculative activity and rein in the rapid
escalation of capital values.