Demand for office space across Asia Pacific’s (APAC’s) top markets has surged 15.9 percent annually to 8.8 million square meters (94.7 million square feet), according to Colliers.
Colliers’ latest report, Asia Pacific Office Market Insights H2 2024 and Outlook 2025, found the significant increase in annual demand to be driven by corporate expansion, return-to-office and the growth of global capability centers. The report captured the key markets of Australia, China, Hong Kong, India, Indonesia, Japan, New Zealand, Philippines, Singapore, South Korea and Taiwan.
“Office demand across Asia Pacific showed resilient growth in 2024, with markets like India, Australia, and Japan leading the charge,” Mike Davis, Colliers’ managing director of occupier services, Asia Pacific, said. “The region is poised for continued growth in 2025 fueled by the expansion
