CBRE releases Asia Pacific mid-year real estate market outlook

CBRE has unveiled its mid-year real estate market outlook for the Asia Pacific region.

According to the report, Asia Pacific’s commercial real estate markets will continue to recover in the second half of 2021, with investment activity picking up significantly, regional retail rents stabilizing in 2022, and office leasing demand gradually improving, according to CBRE’s Asia Pacific Real Estate Market Outlook.

COVID-19 variants prompting renewed restrictions in several markets remain the key risk to Asia Pacific’s economy and commercial real estate over the next 12 months, with the impact on growth momentum more significant in emerging Asia economies.

“We expect governments in Asia Pacific to retain accommodative monetary policies to support economies still in a fragile stage of recover,” said Henry Chin, global head of investor thought leadership and head of research, Asia Pacific at CBRE. “An overall low interest-rate environment will continue to en