Asia Pacific outlook remains positive
Despite the concern over economic reform in China and stuttering growth in Japan, corporate and investor confidence in Asia Pacific remains intact and is supporting firm demand from both real estate occupiers and investors, according to CBRE’s Asia Pacific Market Outlook.
CBRE expects rental and capital value growth of around 2 percent and 4 percent, respectively, for commercial property (office, retail and industrial) in 2015 and a 5 percent increase in real estate investment for the region.
The unemployment rate across the various Asia Pacific markets is low and will range from 1 percent to 7 percent in 2015. Job growth in the coming year is forecast to be above the five-year average in most country. The strongest growth will come in Southeast Asian markets.
Business growth will continue to be driven by corp