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"COVID-19 has taken its toll on regional markets, with many seeing weakening rents and rising vacancy. That said, the expedited vaccination rollout should help spark an economic recovery later this year and increase demand for office space. For now, the prospects for each region will depend on demand and supply fundamentals."
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"Non-prime areas have led the overall market contraction this quarter despite the continued stability of prime assets. Even so, with hopes that the expedited vaccine rollout will fuel the recovery in corporate performance later this year, things should look brighter for the offi ce market. Furthermore, limited supply until late 2022 will provide some breathing space."
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"Rental declines are expected to be mild over the remainder of 2021 before the supply challenges of 2022 and 2023. "
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"The need to bring people together and provide opportunities to work in multiple locations will shape the future of workplace"
"The Beijing Grade A offi ce market will continue to face signifi cant pressurein the medium-to-long term as over 1.3 million sq m of new supply is expected in 2021."
"Open borders will unlock office demand, especially from Mainlandfirms who have become a key driver of office take-up in Central. As PRC firms become more diverse in their business lines, we expect demand to shift more to non-core areas."
"Once a significant majority of the population is vaccinated leading to near normalcy, we expect India to remain a preferred global outsourcing destination on account of its large base of technical knowledge and cost-effective talent."
"With global money supply growth still signifi cantly above previous norms while real interest rates remain subdued, signifi cant yield compression is a likely outcome."
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"Whilst the worst appears to be over, concernslinger over secondary vacancy and future supply"
"The market continues to wake up – as investors hunt for stock"
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