Asia Pacific Market Sentiment Survey – July 2021
01 July 2021
- Tenant enquiries and site inspections fell further, especially in Singapore, Southeast Asia and India, but continued to recover in Mainland China and Hong Kong SAR.
- Flexible space demand remained consistent with levels observed in recent months. Demand for traditional office space continued to recover.
- Respondents reported stronger downward pressure on rents, particularly in Japan. The period saw less pressure to increase incentives.
- Sentiment in most markets improved or remained stable. Australia and Japan saw weaker sentiment due to a resurgence of COVID-19 cases.
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