2020 Asia Pacific Real Estate Market Outlook Mid-Year Review
The “Phase-One” trade agreement signed by the U.S. and China earlier this month will provide a welcome boost for the global economy in 2020. Despite this, geopolitical tension is expected to continue to weigh on business activity, and there remain significant opportunities for real estate occupiers and investors as they navigate a prolonged but volatile economic growth cycle.
APAC Property Market Outlook by Sector
The “Phase-One” trade agreement signed by the U.S. and China should provide a welcome boost for the global economy in 2020.
CBRE expects Asia Pacific GDP growth to stand at 4.2% this year.
Regional investment volume will hold firm in 2020, supported by low interest rates and strong investment liquidity.
Yields are expected to stay low for longer.
Office demand is poised for a mild recovery as business sentiment has gradually improve.
New office set-up is expected to increase following China’s opening of the financial sector to wholly-owned foreign institutions.
Demand for brick-and-mortar retail space should remain stable, although retailers will continue to adopt a prudent approach to their real estate footprints.
Market fundamentals appear solid and the ongoing shift towards omnichannel retail will drive steady leasing demand from retailers and third-party logistics firms.
Property Market Outlook Reports
in Asia Pacific Region
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