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Asia Pacific Office Trends Q3 2025
October 17, 2025 5 Minute Read
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- The Greater Seoul office market remains in favour of landlords amid strong demand and tight availability. Leasing volume remains consistent compared to last year, with steady activity observed across the CBD, GBD, and YBD. Activity has been particularly robust in emerging business districts.
- Broader office market sentiment in Hong Kong SAR remains downbeat but prime areas continue to attract solid demand. Flight-to-quality remains a key driver for relocations as tenants upgrade to premium buildings. Most such activity in Greater Central involves relocations and upgrading within the same submarket.
- In Indonesia, broad-based demand is underpinning steady leasing momentum in Jakarta as top end of the market continues to stabilise. Cost saving upgrading is the main driver of leasing activity, with tenancies smaller than 1,000 sq. m. most common. With the availability of competitive rents in the Golden Triangle CBD having narrowed the gap between CBD and non-CBD areas, some occupiers are deciding to move to more central locations.