Market Size of Asia Pacific Office Real Estate Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 10.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Office Real Estate Market Analysis
The size of Asia-Pacific office real estate market is around USD 264 billion in the current year and is anticipated to register a CAGR of greater than 10% during the forecast period.
- The COVID-19 outbreak caused business closures, which reduced the market for conventional office space. In addition to its immediate effects, the pandemic affected the prospects for office real estate since traditional offices were less in demand as work-from-home policies gained popularity. The effects of the pandemic also show a rise in pricing misalignments. As the economy picks up speed, the misalignment is probably going to get smaller. However, due to shifting cultural tastes, the industry may face structural challenges in the office real estate market.
- Both the construction of new office buildings and the demand for high-end office space has significantly increased in major cities in recent years. This trend is anticipated to continue, especially in nations with rapid economic growth and urbanization, like China, India, and Australia. As a result, investors and developers should consider the Asia Pacific office real estate market.
