Asia Pacific office market set for strong growth in 2025, driven by surge in demand Singapore News -

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SINGAPORE: The Asia Pacific office market is poised for significant growth in 2025, with new data from Colliers highlighting a strong surge in demand across key markets.

, office demand in the region surged by 10.7% year-on-year in the third quarter of 2024, reaching 2.2 million sqm.These markets are emerging as key drivers of the Asia Pacific office sector’s recovery, as companies look to expand and upgrade their office spaces.Supply is expected to rise further in the next quarter, with large-scale project completions across the region’s biggest markets.

He emphasized that office demand in the region would likely continue to grow modestly, with rental rates expected to remain relatively stable.

 

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