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USD - U.S. Dollar
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AUD - Australian Dollar
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Note: The exchange rate shown here is for reference only.
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Tenant enquiries and site inspections rose in almost all major markets this month.

  • Mainland China was the lone exception due to the Chinese New Year holiday.

  • Flexible space demand remains steady. Around 65% of respondents to February’s survey stated they had not detected any major change in demand for flexible office space.

  • Downward pressure on rents is gradually easing while the rise in incentives is slowing.

  • Leasing sentiment turned positive in February for the first time since surveys began in July 2020. Landlords’ negotiating power remained at similar levels to the previous month.

To read the full report, click download report below. To read other international reports, please visit the Global Research Gateway.

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Roongrat Veeraparkkaroon
Head of Commercial Transaction Services
Rathawat Kuvijitrsuwan
Head of Research and Consulting
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