"With high vaccination rates and the plummet in COVID-19 cases, the softening sentiment seen in the market over this year seems manageable. Like Tokyo, prime assets remain mostly occupied and have seen few corrections in rent, while buildings with poor access are suffering, resulting in the overall deterioration of market rents and vacancy. However, each region’s fundamentals and prospects look different."

"Rents for well-located and newer offices are likely to remain stable while older offices with poor accessibility will struggle. This trend is expected to continue to soften the overall market as a result, although there are some signs of recovery."

"Rental declines were milder in Kowloon with vacancy gradually absorbed after the aggressive rental adjustments of late last year. "

"A stable economy will support the demand for offi ce space despite the signifi cant fall in leasing momentum."

"Summer sees an uptick in activity as take-up, under-offers, and active requirements are all on the rise"

"July sees highest monthly take-up since before the pandemic"

"Record July as flight to quality intensifies"