Asia-Pacific Q1 2025 Office Highlights

Prime rents in the region fell faster during the quarter, dropping a steeper 0.9% quarter-on-quarter compared to 0.4% in Q4 2024. While conditions in tier-one Chinese mainland cities remained challenging, rental growth was also observed to have cooled in Australia. 17 of the 23 monitored cities reported stable or increasing rents year-on-year, up from 16 in Q4 2024, with Jakarta reversing a rental downtrend.