Global Real Estate News

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Keep abreast of the latest global real estate news across 7 continents that impacts on your business.

GLOBAL: March 1, 2016

CW: Perth office vacancy rate of 19.15% in 4Q15

Cushman Wakefield’s Asia Pacific Office Overview of February 2016 noted that office occupancy costs in Perth during 4Q15 had been US$3.86 per square foot per month – or the 10th highest among the 31 cities surveyed across the region. The office vacancy rate in Perth in 4Q15 had been 19.15%, or the 27th lowest. In terms of the office vacancy rate, Perth had been ranked 28th lowest in 3Q15 and 5th lowest in 4Q14. Across core markets, the average occupancy cost in 4Q15 was US$58.08 per square f...

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GLOBAL: March 1, 2016

CW: Shanghai office vacancy rate of 8.44% in 4Q15

Cushman Wakefield’s Asia Pacific Office Overview of February 2016 noted that office occupancy costs in Shanghai during 4Q15 had been US$3.99 per square foot per month – or the 9th highest among the 31 cities surveyed across the region. The office vacancy rate in Shanghai in 4Q15 had been 8.44%, or the 14th lowest. In terms of the office vacancy rate, Shanghai had been ranked 9th lowest in 3Q15 and 15th lowest in 4Q14. Across core markets, the average occupancy cost in 4Q15 was US$58.08 per s...

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GLOBAL: March 1, 2016

CW: Mumbai SBD office vacancy rate of 18.19% in 4Q15

Cushman Wakefield’s Asia Pacific Office Overview of February 2016 noted that office occupancy costs in Mumbai SBD during 4Q15 had been US$4.04 per square foot per month – or the 8th highest among the 31 cities surveyed across the region. The office vacancy rate in Mumbai SBD in 4Q15 had been 18.19%, or the 25th lowest. In terms of the office vacancy rate, Mumbai had been ranked 20th lowest in 3Q15 and 24th lowest in 4Q14. Across core markets, the average occupancy cost in 4Q15 was US$58.08 p...

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GLOBAL: March 1, 2016

CW: Ho Chi Minh City office vacancy rate of 6.40% in 4Q15

Cushman Wakefield’s Asia Pacific Office Overview of February 2016 noted that office occupancy costs in Ho Chi Minh City during 4Q15 had been US$4.27 per square foot per month – or the 7th highest among the 31 cities surveyed across the region. The office vacancy rate in Ho Chi Minh City in 4Q15 had been 6.40%, or the 10th lowest. In terms of the office vacancy rate, Ho Chi Minh City had been ranked 10th lowest in 3Q15 and 12th lowest in 4Q14. Across core markets, the average occupancy cost i...

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GLOBAL: March 1, 2016

CW: Sydney office vacancy rate of 6.26% in 4Q15

Cushman Wakefield’s Asia Pacific Office Overview of February 2016 noted that office occupancy costs in Sydney during 4Q15 had been US$4.78 per square foot per month – or the 6th highest among the 31 cities surveyed across the region. The office vacancy rate in Sydney in 4Q15 had been 6.26%, or the 9th lowest. In terms of the office vacancy rate, Sydney had been ranked 8th lowest in 3Q15 and 16th lowest in 4Q14. Across core markets, the average occupancy cost in 4Q15 was US$58.08 per square f...

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GLOBAL: March 1, 2016

CW: Beijing office vacancy rate of 5.06% in 4Q15

Cushman Wakefield’s Asia Pacific Office Overview of February 2016 noted that office occupancy costs in Beijing during 4Q15 had been US$5.37 per square foot per month – or the 5th highest among the 31 cities surveyed across the region. The office vacancy rate in Beijing in 4Q15 had been 5.06%, or the 7th lowest. In terms of the office vacancy rate, Beijing had been ranked 11th lowest in 3Q15 and 7th lowest in 4Q14. Across core markets, the average occupancy cost in 4Q15 was US$58.08 per squar...

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GLOBAL: March 1, 2016

CW: Delhi CBD office vacancy rate of 8.58% in 4Q15

Cushman Wakefield’s Asia Pacific Office Overview of February 2016 noted that office occupancy costs in Delhi CBD during 4Q15 had been US$6.56 per square foot per month – or the 4th highest among the 31 cities surveyed across the region. The office vacancy rate in Delhi CBD in 4Q15 had been 8.58%, or the 16th lowest. In terms of the office vacancy rate, Delhi CBD had been ranked 17th lowest in 3Q15 and 25th lowest in 4Q14. Across core markets, the average occupancy cost in 4Q15 was US$58.08 p...

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GLOBAL: March 1, 2016

CW: Singapore office vacancy rate of 6.59% in 4Q15

Cushman Wakefield’s Asia Pacific Office Overview of February 2016 noted that office occupancy costs in Singapore during 4Q15 had been US$6.59 per square foot per month – or the 3rd highest among the 31 cities surveyed across the region. The office vacancy rate in Singapore in 4Q15 had been 4.10%, or the 3rd lowest. In terms of the office vacancy rate, Singapore had been ranked 3rd lowest in 3Q15 and 2nd lowest in 4Q14. Across core markets, the average occupancy cost in 4Q15 was US$58.08 per ...

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GLOBAL: March 1, 2016

CW: Tokyo office vacancy rate of 4.21% in 4Q15

Cushman Wakefield’s Asia Pacific Office Overview of February 2016 noted that office occupancy costs in Tokyo during 4Q15 had been US$7.92 per square foot per month – or the second highest among the 31 cities surveyed across the region. The office vacancy rate in Tokyo in 4Q15 had been 4.21%, or the 4th lowest. In terms of the office vacancy rate, Tokyo had also been ranked 4th lowest in 3Q15 and in 4Q14. Across core markets, the average occupancy cost in 4Q15 was US$58.08 per square foot per...

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GLOBAL: March 1, 2016

CW: Hong Kong office vacancy rate of 4.83% in 4Q15

Cushman Wakefield’s Asia Pacific Office Overview of February 2016 noted that office occupancy costs in Hong Kong during 4Q15 had been US$11.28 per square foot per month – or the highest among the 31 cities surveyed across the region. The office vacancy rate in Hong Kong in 4Q15 had been 4.83%, or the 5th lowest. In terms of the office vacancy rate, Hong Kong had been ranked 7th lowest in 3Q15 and 8th lowest in 4Q14. Across core markets, the average occupancy cost in 4Q15 was US$58.08 per squ...

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