China’s ongoing transition to a more service-driven economy is driving the emergence of new real estate trends. Nowhere has this been more apparent than in the office sector, where economic restructuring and the government’s promotion of entrepreneurship and innovation have resulted in a surge in leasing demand from domestic corporates. CBRE Research data show that in 2015 and 2016, domestic occupiers accounted for more than 80% of new office demand in 17 major cities.
Asia Pacific Technology, Media and Telecom Sector Trends December 2016
APAC Trends Report | December 2016
Asia Pacific’s technology, media and telecom (TMT) sector services 1.7 billion active internet users and 3.8 billion mobile phone subscriptions. As their addressable customer base continues to evolve significantly, companies face the paradox of balancing rapid growth with a talent crunch in gateway cities. According to CBRE’s latest report—Asia Pacific TMT Sector Trends 2016—as the sector continues to expand, location and workplace experience will be a major differentiating factor.
Hong Kong Millennials: Shaping the Future of Real Estate
Hong Kong Infographic | December 2016
CBRE conducted a global survey of 13,000 millennials globally — aged between 22 and 29, including 1,000 from Hong Kong out of 5,000 from Asia-Pacific millennials. Hong Kong Millennials: Shaping the Future of Real Estate discloses Hong Kong millennials’ attitudes towards live, work, and play.
Asia Pacific Millennials: Shaping the Future of Real Estate – Millennials in India
India Major Report | November 2016
Millennials comprise a significant proportion of the total workforce population in India. To better understand this emerging superclass and their influence on real estate, CBRE Research polled millennials across India about their LIVE, WORK and PLAY ambitions.
Chinese Millennials: Shaping the future of real estate
China Major Report | November 2016
Chinese millennials, mostly the post 80's and 90's, represent a rapidly growing source of labor and consumption as well as the most influential demographic framing future trends in China's real estate sector.
Australian Millennials: Shaping the future of real estate
Australia Major Report | November 2016
Millennials currently account for 35% of the Australian workforce and are set to reach 40% by 2030. This emerging workforce is guiding much forward thinking for employers and is redefining real estate occupancy requirements. There have been many preconceptions about millennials, some are true and some are false.
Commercial property transaction volumes around the globe this year are down on the levels recorded in 2015, and this trend is echoed in the Pacific region thanks mainly to Australia. Lower transaction volumes are a result of several factors, ranging from a variety of risk events to a shortage of stock for sale. Despite this, transaction volumes have still been healthy in the Pacific region, and Pacific real estate remains attractive to overseas buyers. This year has featured a resurgence of North American investors and a continuation of strong capital inflows from China.
This guidebook is designed to assist readers to have a better understanding of the Korea logistics market. The current distribution of logistics centers in Gyeonggi Province, home to the majority of logistics centers in Korea, is included in this report. In addition, comprehensive information on individual assets is covered to enhance the understandings on the leasing and investment market.
Asia Pacific Millennials: Shaping the Future of Real Estate
APAC Major Report | October 2016
Millennials comprise 25% of the total workforce population in Asia Pacific, but remain a largely misrepresented socio-economic demographic. To better understand this emerging superclass and their influence on commercial real estate, CBRE Research polled over 5,000 millennials across Asia Pacific about their live, work and play ambitions to frame the report.
An assessment of credit risk in the Chinese Property Market
APAC Major Report | October 2016
Investors in China are increasingly concerned about rising debt, with total credit to the non-financial sector reaching 255% of GDP as of March 2016. Between 2008 and 2015, credit increased at a Compound Annual Growth Rate of around 20%, well above the average GDP growth rate of 8.5% recorded over the same period.
Net capital inflow into Pacific real estate in H116 was US$720 million, comparing favourably to the US$2,170 million net capital outflow recorded in H115. The big shift in net position reflected a decline in capital outflow from domestic investors which in H115 reached US$4.4b but fell away to US$1.4b in H116. The net position of the offshore investor sector was largely unchanged at US$2.2b.
This Major Report by CBRE Asia Pacific Research explains why Asian outbound investment has increased so rapidly in recent years and identifies the reasons why inbound investment has yet to return to pre-GFC levels. The report also discusses the cyclical and structural changes driving inbound and outbound investment and identifies appropriate strategies for inbound and outbound investors.
Adding Value: The Evolution of Retail Components in Seoul’s Office Buildings
Korea Major Report | September 2016
This special report by CBRE Research explains the significance of this trend and identifies the main drivers of this phenomenon in the context of the Seoul office market and structural changes in consumer behaviour. It then assesses the actual impact on office properties and provides a number of key factors for landlords to consider before adopting this strategy.
CBRE’s India Research team conducted a sentiment survey amongst prominent national and international retailers in the country. The survey broadly focused on their present operation dynamics in India - issues such as location choices, present footprint, expansion plans, views on online marketplaces and preferred cities were raised.
Fundamental shifts are occurring in the nature of work. The increasingly fierce war for talent is prompting more organisations to take into account human factors in the workplace to complement their talent attraction strategy and shape workplace cultures that will help them survive and succeed in the changing world of business.
The macro drivers of change in the Asia Pacific corporate real estate arena in 2016 remain consistent – economic uncertainty, cost stewardship and the increasing importance of technology within the workplace. In this edition we take a closer look at these issues and explain the implications for occupiers.
Hunger for Growth - Unlocking Opportunities in Hong Kong Food & Beverage Retail
Hong Kong Major Report | September 2016
In contrast to other retail trades, the food and beverage (F&B) segment has weathered the slowdown well, and retailers in this segment retain a positive outlook towards expansion. This major report explains why the F&B sector has been so resilient.
Investment in hotels set for rapid growth; New developments a key trend
Japan View Point | September 2016
Interest in the Japan hospitality sector among domestic and international investors has increased in recent years, with hotel property transactions surging by 3.2x to JPY 325 billion between 2012 and 2015. At the same time, transaction yields have fallen sharply, as the sector has become mainstream among institutional investors.
The impact of Chinese outbound tourists and shared accommodation on the regional hospitality industry
APAC View Point | September 2016
The Asia Pacific hotel sector has boomed in recent years, supported by a growing middle class and rising household incomes, which are enabling more people to take holidays overseas. Much of this growth is being driven by tourists from China.
Innovative Beijing: Trends of CRE Strategies for TMT Occupiers
Beijing Office Major Report | August 2016
The draw of Beijing to a highly skilled labor pool and its positioning as China’s technology and innovation hub have led to the clustering of the TMT industry. As such, the industry has become a major source of demand in the Beijing office market.
The Rise of Co-working Space in Asia Pacific: Boon or Bane?
APAC ViewPoint | August 2016
Co-working space has enjoyed tremendous growth in recent years, supported by the start-up boom; demand for greater flexibility among both employees and corporates; advances in technology allowing people to work anywhere at any time; and its appeal as a cost effective alternative to traditional offices.
Market Performance of Green Commercial Buildings in the Greater China Region
China Major Report | July 2016
In tandem with economic development in China, a large number of commercial buildings have sprung up in its major cities. The rapid development has brought an array of unresolved environmental issues to the fore, leading to increasing popularity of and mainstream focus on the green building concept.
Hyderabad was one of the first cities to embrace the Indian IT/ITeS boom and was initially dubbed “India’s Silicon Valley” in the 1990s and early 2000s. The origins of growth began with the establishment of the Hyderabad Information Technology and Engineering Consultancy City (HITEC City) in 1998 in the western part of the city.
Advisory & Transaction Services Research Review 2016 H1
APAC Major Report | June 2016
In this edition we feature our 2015/2016 Asia Pacific Occupier Survey. The survey was conducted online between September and December 2015 in order to understand multinationals’ corporate real estate priorities and the factors shaping their decisions.
Retail Hotspots in Asia Pacific, CBRE Research’s annual monitor of cross-border retailer activity, found that the number of new retailer entrants into and across the region continued to rise in 2015. More than 500 new entrants were recorded over the course of the year.
This edition includes articles on the rise of Asia Pacific institutional investors; the emergence of self-storage as an asset class; the role of China-sourced capital in the global real estate market; and investment in regional cities in Japan.
The CBRE Asia Pacific Investor Intentions Survey 2016 is based on more than 300 responses from across the region and provides an insight into investors’ concerns, priorities and strategies for the coming year.
2016 Seoul Office Tenant Profile and Demand Outlook
Korea Major Report | March 2016
The majority (63.2%) of total Grade A and B office space in Seoul (CBD, GBD, YBD) is leased whilst the remaining (36.8%) is owned by companies for selfuse. The YBD has the highest proportion (48.6%) of owner-occupied space.
Asian outbound investment surged to a new high in 2015, rising 37% y-o-y to US$62.4 billion. Most capital went into the Americas, with this region attracting US$22.4 billion, an increase of 109% y-o-y.
Most IT/ITeS firms (about 70%) are likely to expand their operations in the southern cities of Bangalore, Chennai and Hyderabad; while media, e-Commerce and BFSI respondents (about 55%) are expected to expand in Delhi-National Capital Region and Mumbai in the next two years.
A Census of Occupier Demand for Chengdu Grade A Office
China Major Report | February 2016
CBRE conducted a comprehensive survey of tenants in 28 Grade A office buildings in Chengdu, once in 2012, and once again in 2015. The 2015 survey involved nearly 2,000 settled enterprises occupying Grade A office space in Chengdu.
As we look forward to 2016, the macroeconomic environment is expected to keep improving. Thanks to its positive fundamentals, recently signed trade agreements, and affordable work force, Vietnam will continue to attract more foreign investment.
The Singapore real estate market in 2016 will be challenged by a moderately growing economy, coupled with imbalances in demand and supply across the various sectors. These factors will continue to add pressure on occupancy and rents.
Opportunities are lying ahead for Hai Phong, a city 100km away to the North – East of Hanoi, as the city anticipates new investment into manufacturing sector at the dawn of large trade agreements taking effect.
How Will The Rate Hike Affect The Hong Kong Real Estate Market?
Hong Kong Major Report | January 2016
The linked exchange rate mechanism between the Hong Kong Dollar and the US Dollar meant Hong Kong witnessed a prolonged period of historically low interest rates in recent years following the Global Financial Crisis.