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Overall Demand for Office Space in Asia Remains Robust,
with Grade A Office Markets Buoyant in Key CBDs
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Asian office markets maintained their positive momentum during the fourth quarter of 2007. Prime office vacancy remained extremely tight across much of Asia, hovering at or below 4% in Hong Kong, Singapore, Tokyo, Seoul, Ho Chi Minh City, Manila and key CBDs in India, including Bangalore, Mumbai and New Delhi. Strong demand and tight supply in prime locations continued to drive up prime office rents, with Singapore and New Delhi posting q-o-q rental growth of over 15%. |
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| Contact Information
Joanne
O'Callaghan
Director
Marketing
and Communications
Asia
T: (852) 2820 8135
F: (852) 2810
0830
E: joanne.ocallaghan@cbre.com.hk
Gigi Liu
Senior Manager
Marketing and
Communications
Asia
T: (852) 2820 2974
F: (852) 2810 0830
E: gigi.liu@cbre.com.hk
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