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Knight Frank Asia-Pacific Q1 2024 Office Highlights
2024.04.25
Research
Prime office rents in APAC endure a seventh consecutive quarterly decline in Q1 2024. However, 15 of 23 cities tracked by the index recorded stable or increasing rents, compared to 13 cities last quarter.
Brisbane led rental growth at 6.8% YoY. Seoul and Taipei also defy the declining trend with multi-year high rental rates, reflecting a flight-to-quality trend.
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