"Amid more cautious leasing activity, demand for high-quality office space has remained strong, reflected by an increase in occupancy levels in Grade A buildings."

"Despite a moderation in overall leasing activity in Q1/2025, Hyderabad’s office market witnessed resilient demand from GCCs,which accounted for 31% of total absorption reinforcing the city’s position as a strategic hub for multinationals. Hi-Tech City and Gachibowli continue to emerge as key focus areas for expansion and large-scale occupiers, supported by sustained levels of inquiry."

"The Hong Kong office market has faced significant challenges since mid- 2019, with vacancy rates rising to 14.5% and rents declining by 43%. Despite this, a recent IPO resurgence and demand from financial services may stabilize the market, potentially leading to a rebound in overall rents when vacancy falls below 6%."

"Metro Manila’s office market faces evolving dynamics as constrained supply and POGO departures challenge growth. Yet, a ‘flight-toquality’ in prime CBDs like BGC and Makati, alongside diversifying demand from IT-BPM and flexible workspaces, signals underlying market resilience and adaptation."

"Beijing office market showed signs of recovery and performed better than expected at the beginning of 2025. After the pandemic from previous years, the overall economic has recovering steadily. Leasing demand in the Beijing office market saw a decent rebound in Q1/2025."

"Explore our Tokyo Office Market Report for the 1st half of 2025. It includes a detailed market analysis of office market, trends, stats, and more."

"Chengdu recorded 5.7% of GDP growth in 2024, reaching RMB2,351.13 billion while maintaining its position as China’s seventh-largest economic hub. The hightech manufacturing sector achieved 5.7% value-added growth, led by computer/office equipment manufacturing and electronic communication devices. Consumer markets showed accelerated recovery, particularly in new energy vehicles, cosmetics, and precious metals/jewelry."