Economic momentum in Asia Pacific was largely subdued in the third quarter. Most of the macroeconomic indicators released in Q3 showed disappointing growth, paving the way for further policy easing across the region. Against the backdrop of a slowdown in China and stagnant growth in Japan, Asia Pacific GDP is forecast to grow moderately at 4.4% in 2014 and slow to 4.3% in 2015.
In spite of slower economic growth, demand in occupier markets picked up in Q3 with net absorption in the region rising to 1.5 million sq m, up 23% compared to Q2. Given a fall in net supply to 1.4 million, the region saw demand exceeding supply and the regional vacancy rate edging down to 13.7%.
Source : DTZ