After more than two years of sustained rental declines across Asia Pacific, 2025 marked a turning point. Prime office rents stabilised, vacancies tightened, and for the first time in several years, fundamentals are firming, if not yet dramatically, then at least clearly.
For occupiers, that shift matters. The window of maximum leverage, ample supply, soft rents and generous landlord incentives is narrowing in several key markets. In others, the cycle still has room to run. The challenge for real estate decision makers in 2026 is knowing which situation they are in and acting accordingly.
Reading the regional picture
Regional office rents recorded their fastest quarterly growth in more than three years in the fourth quarter of 2025, rising 0.7 percent. Vacancy rates fell 0.3 percentage points in the same period to 14.6 percent. For investors, that is welcome news. For occupiers, it is a signal to act, as the conditions that have made it easier to
