CBRE predicts uneven recovery across geographies and sectors.

Economy: CBRE expects Asia Pacific to experience a possibly strong, albeit uneven, recovery this year as the region emerges from last year’s pandemic-induced disruption. Asia Pacific full-year GDP is projected to grow by 6.6% y-o-y, putting the region at the top of the global recovery curve.

Office: Cost-saving and CapEx constraints will be the key determinants of leasing decisions in H1 2021. Landlords will need to be more proactive in offering incentives to secure new lettings. Higher vacancy will expand occupier choice and provide tenants with the upper hand in negotiations. Tenants will actively evaluate space requirements and workplace design as staff gradually return back to office.

Retail: As the shift to e-commerce transforms shopping behaviour, retailers will focus on refining their online offering. While portfolio rationalisation and lease restructuring are set to continue, rising space availability will provide retailers with opportunities to reduce rental expenses while enhancing the quality of their store network. CapEx for new leases and store fitout will remain tight.

Logistics: Occupiers’ focus on enhancing network resiliency and boosting local inventory will support continued demand for warehouse space. Supply chain resilience will come under scrutiny as companies guard against disruption. Landlords are advised to futureproof portfolios by upgrading supporting facilities such as cold rooms and server rooms to cater to evolving occupier demand or redeveloping older facilities in prime logistics locations.

Capital Markets: Commercial real estate investment will continue to recover in 2021 with volume growing at 5-10% over the last year. Asset availability will improve with US$31 billion funds expiring and disposals by developers and corporates to free up capitals.

 

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Data Dashboard

CBRE’s 2021 Asia Pacific Real Estate Market Outlook Online Data Dashboard provides dynamic delivery data for all sectors.


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Data Dashboard

CBRE’s 2021 Asia Pacific Real Estate Market Outlook Online Data Dashboard provides dynamic delivery data for all sectors.

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Asia Pacific Market Outlook Soundbites


With all eyes for a recovery this year, CBRE Research Asia Pacific team joins national research heads across the region to discuss and contrast their views on the economic and commercial real estate market in 2021.


Speakers:

Dr. Henry Chin, Global Head of Investor Thought Leadership, Head of Research, APAC

Ada Choi, CFA, Head of Occupier Research & Head of Data Intelligence and Management, APAC

Sam Xie, Head of Research, China

 

 


Speakers:

Dr. Henry Chin, Global Head of Investor Thought Leadership, Head of Research, APAC

Leo Chung, CFA, Associate Director, Research, APAC

Okubo Hiroshi, Head of Research, Japan

Abhinav Joshi, Head of Research, India

 


Speakers:

Ada Choi, CFA, Head of Occupier Research & Head of Data Intelligence and Management, APAC

Cynthia Chan, Associate Director, Research, APAC

Okubo Hiroshi, Head of Research, Japan

Sam Xie, Head of Research, China

 


Speakers:

Liz Hung, Associate Director, Research, APAC

Desmond Sim, Head of Research, Singapore and Southeast Asia

Claire Choi, Head of Research, Korea

 

 


Speakers:

Liz Hung, Associate Director, Research, APAC

Ping Lee, Head of Research, Taiwan

Marcos Chan, Head of Research, Hong Kong

 

 



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