Logistics & industrial sector and technology occupiers leading the way in 2021

There are four key themes that Colliers International expects to drive APAC property markets over 2021 – China Plus One strategy, technology occupiers, flexible workspace, and sustainability – and assesses their implications for property occupiers and owners.

Andrew Haskins, executive director, research, Asia, commented, “In aggregate, APAC office markets should see a strong pick-up in demand in 2021, but high supply and rising vacancy will pressure rents and limit price growth except in popular occupier locations like Singapore, Sydney, and Melbourne. Demand drivers for the logistics & industrial sector remain very firm, with most markets favouring landlords and rents steadily rising. The sector’s popularity with investors should rise further, with cap rates for logistics assets trending down over time, notably in China.”

APAC office markets to remain popular with investors

For 2021, Colliers expects aggregate net offic