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Key Occupier Trends

  • Warehouse demand remains firm; net absorption sets new record
  • Supply chain disruption delays decision-making in emerging markets
  • Online retailers and 3PLs drive demand; occupiers strengthen last-mile capabilities
  • Logistics space near transportation hubs keenly sought after

Key Investment Trends

  • Purchasing activity continues to be strong; modern logistics properties remain primary focus
  • More investors commit capital into logistics development funds
  • Logistics capital values continue to rise
  • Well-located older properties offer upgrading opportunities

This article was originally published in https://www.cbre.com/

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Key Trends

  • Purchasing activity continues to be strong
  • Stabilised prime CBD offices remain sought after
  • Solid demand for industrial assets drives further yield compression
  • Selected investors display higher risk appetite for office, industrial and hotel value-added opportunities
  • Banks in major markets remain accommodative; while those in Southeast Asia adopt conservative attitude

This article was originally published in https://www.cbre.com/

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Key trends

  • Retail sales growth slows
  • Many retailers push back expansionary plans to 2022
  • F&B dominates leasing demand
  • Leasing in CBD areas remains limited
  • Pandemic-related risk remains major concern
  • Recovery to regain momentum as festive season nears

This article was originally published in https://www.cbre.com/

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New Zealand’s recovery from the impact of Covid-19 got underway in 2021 however by this was derailed in August by the Delta variant, which returned the country into a nationwide lockdown, and resulted in the closure of the trans-Tasman bubble border.
 
Despite the Covid-19 challenges, transaction activity has remained buoyant with $300+ million sales YTD in 2021, characterised by firm yields, unsatisfied capital, and a scarcity of quality purchase opportunities.

This article was originally published in https://www.cbre.com/

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Fukuoka's residential market remains resilient

  • Fukuoka has been the fastest growing city among major regional cities in Japan.
  • The city's compact and convenient layout, young demographics, and accommodating attitude towards new ideas attract students, workers, and entrepreneurs.
  • With the leadership of its media-savvy mayor, Fukuoka is striving to become a leading city in Asia with start-ups, digital transformation, and redevelopment.
  • The central areas, such as Tenjin and Hakata, have seen sound demographic growth, and redevelopment projects such as Tenjin Big Bang and Hakata Connected should further help to make these areas attractive.
  • As a major beneficiary of inbound tourism until the pandemic, the progress towards the normalisation of international travel is a welcoming development for Fukuoka.

This article was originally published in https://www.savills.co.jp/

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