The commencement of COVID-19 vaccination program and an improving economic outlook contributed to a steady increase in commercial property leasing and capital markets activity in Asia Pacific in first quarter 2021, according to CBRE’s latest MarketView and Investment Trends research.
However, the recovery remains uneven across the region, with the momentum in individual countries largely correlated with the degree of success in containing COVID-19. This has been illustrated by the recent surge in infections in India, which has further clouded the economic and business outlook, while the reintroduction of lockdown measures and other restrictions in Japan and some emerging markets in Southeast Asia are expected to weigh on real estate–related activity in the coming months.
CBRE’s first quarter 2021 Asia Pacific MarketView and first quarter Asia Pacific Office, Retail, Industrial & Logistics, and Investment Trends reports were
