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Tenant-favorable conditions are
expected in core locations through
2019, except Sydney, Hong Kong’s
Greater Central, and Singapore - where
vacancies will tighten going forward.”
With more than half of the emerging
markets expecting vacancies to rise more
than 14%, deceleration in rent growth will
continue through 2019. Thus, conditions are
likely to remain tenant-favorable, with the
exceptions of Manila, Bangkok, Bengaluru, and
Hyderabad. Rents in core markets are expected
to pick up pace in 2018, except Tokyo and Seoul.
In Tokyo, a market correction will continue through
2020 eroding huge rental gains recorded over the
last five years. Overall, we expect tenant-favorable
conditions in core locations through 2019, except Sydney,
Hong Kong’s Greater Central, and Singapore, where
vacancies will tighten going forward.
MELBOURNE
SYDNEY
TOKYO
TAIPEI
BRISBANE