Figures
Asia Pacific Office Trends Q2 2025
July 17, 2025 5 Minute Read
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- Despite improving leasing demand, oversupply resulted in a further rental correction across key cities in mainland China in Q2 2025. Renewals and cost-saving relocations dominated leasing activity. Demand drivers for new spaces include FMCG, consumption related tenants and “new quality productive forces” such as AI, robotics and semiconductors.
- The bulk of demand in Australia focused on CBD areas amid a continuation of the centralisation and flight-to-quality trend. Occupiers continue to prioritise location, F&B options, and infrastructure to attract and retain talent. The period witnessed green shoots in the tech sector, with the growth of AI companies and emerging office demand from expanding startups.
- In the Middle East, office leasing sentiment remains upbeat and on par with six months ago. Availability is limited; a trend expected to continue for two years at least before development activity starts to catch up. Robust demand was seen across all grades of buildings and most locations.
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Richard Stevenson
Managing Director, Head of Office Leasing, Advisory Services, Asia Pacific
