• Tenant enquiries and site inspections decline due to holiday season. India, Singapore and Hong Kong SAR buck the downward trend as activity picks up.

 

  • Flexible space demand remains steady. Around 70% of respondents to January’s survey stated they had not detected any major change in demand for flexible office space.

 

  • Downward pressure on rents is gradually easing while the rise in incentives is slowing.

 

  • Landlords’ negotiation power picked up slightly regionwide in January. Sentiment is strongest in Mainland China and Singapore.