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Logistics & Industrial sector and Technology occupiers leading the way in 2021 in APAC: Colliers

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Popular locations like Singapore, Sydney and Melbourne can start looking forward to recovery in 2021 as they have low vacancies, while many other APAC office markets will see higher demand but pressure on rents and rising vacancy will remain
Most APAC logistics & industrial markets remain in expansion mode, with rents steadily rising; Colliers expects the sector s popularity with investors to increase further
APAC technology occupiers should account for 20-25% of office leasing demand in APAC over 2020-2025
Flexible workspace operators likely to seek off-CBD opportunities as occupiers look outside traditional business districts
Sustainability will start to drive property investment and leasing decisions ....

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Tech Tenants Set to Lease 20% of APAC Offices

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China’s Bytedance is setting up a regional HQ in Singapore’s One Raffles Quay
Technology occupiers led by Chinese groups are poised to transform Grade A office markets in Asia Pacific, accounting for at least a fifth of regional leasing demand from 2020 to 2025, according to research from Colliers International.
The need for space for Asia’s growing tech firms is expected to exceed 5.5 million square metres (59.2 million square feet) over the six year period, or more than 20 percent of the regional total of 26.4 million square metres.
Demand from China’s tech titans alone will make up 4 million square metres or 15 percent of the region’s total, Colliers said in its Asia Pacific Property Markets: Themes for 2021 report released on Monday. ....

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