Report | Intelligent Investment
2023 Asia Pacific Real Estate Market Outlook
February 8, 2023
Looking for a PDF of this content?
Explore our APAC Online Data Dashboard
Despite the rapid change and uncertainty experienced worldwide last year, CBRE retains a relatively positive outlook for the Asia Pacific commercial real estate market in 2023.
From an economic perspective, inflation is expected to ease, and interest rates in the region are set to stabilise in the second half of 2023.
Office demand will be solid, driven by the recovery in mainland China, while retailers will adopt a positive, albeit prudent, approach to expansion.
Logistics demand is forecasted to pull back as e-commerce growth normalises, while hotel performance is expected to surpass pre-pandemic levels.
In the capital markets, investors will stay in wait-and-see mode until there is firm evidence that interest rates have peaked, with purchasing expected to pick up significantly in the second half of the year.
From an economic perspective, inflation is expected to ease, and interest rates in the region are set to stabilise in the second half of 2023.
Office demand will be solid, driven by the recovery in mainland China, while retailers will adopt a positive, albeit prudent, approach to expansion.
Logistics demand is forecasted to pull back as e-commerce growth normalises, while hotel performance is expected to surpass pre-pandemic levels.
In the capital markets, investors will stay in wait-and-see mode until there is firm evidence that interest rates have peaked, with purchasing expected to pick up significantly in the second half of the year.
Asia Pacific Forecast
Regional Overview
Asia Pacific Real Estate Market Data Dashboard
Explore dynamic real estate data across all sectors
Use the Dashboard Data Subscription Service
Regional Market Outlook Insights
After several turbulent years, CBRE expects the recovery of commercial real estate leasing and investment demand to commence in 2023.
Global economic slowdown in 2023 is likely to pose challenges to Singapore's growth.
Research Contacts
Ada Choi
Head of Occupier Research & Head of Data Intelligence and Management, Research, Asia Pacific
