Over the last quarter, more Asian countries embraced looser monetary policies. Together with the launch of quantitative easing in Europe, the widespread global easing has reinforced the signal that the current low interest rates environment will persist, supporting business sentiment and favourable for investment and office demand growth in the future.
Office demand continued to grow in Q4 with regional net absorption at 1.7 million sq m, up 18% from Q3. This brought full year absorption to 5.9 million sq m, 14% more than 2013 but below net supply of 6.9 million sq m. E-commerce, TMT and finance sectors continued to drive office demand in the region, while more than 80% of absorption and supply concentrated in China and India.
Source : DTZ