_Asia-Pacific Prime Office Rental Index Q2 2017

In the first half of 2017, the regional economies of China, ASEAN-5 and Japan performed considerably better than expected, as the IMF revised its growth projections upwards for emerging and developing Asia. The pickup in global trade and domestic demand has negated geo-political risks to a certain extent, thereby providing a strong foundation for the Asia-Pacific prime office markets.

Knight Frank’s Asia-Pacific Prime Office Rental Index increased 1.2% quarter-on-quarter and 0.6% year-on-year as at the end of the second quarter of 2017. The increase in the index was the result of rising rents in 15 of the markets over the quarter, with rental declines experienced in two of the 20 markets tracked.

Over the next 12 months, we expect rents in 15 cities out of the 20 tracked to either remain steady or increase, which is the same as our previous forecast.

Read the full report on Asia-Pacific Prime Office Rental Index Q2 2017.