【CBRE】Asia Pacific Office Trends Q4 2024

• In Singapore, demand across all sectors was relatively lean in 2024, with small to medium sized firms accounting for the bulk of leasing transactions.
• Demand in mainland China remains subdued. Occupiers continue to pursue cost-saving strategies through relocation, restructuring and early renewals on favourable terms.
• Leasing activity in Korea, especially in the Seoul Grade A segment, remains weak and has displayed little change over the last six months. Full-year leasing volume is expected to fall to the lowest level on record amid limited space availability.

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