CBRE – Asia Pacific Real Estate Market Outlook, 2025

The report by CBRE "Asia Pacific Real Estate Market Outlook, 2025" explores the commercial real estate trends across the region. The Asia Pacific commercial real estate market is expected to see modest improvement in 2025, supported by a resilient regional economy and a downward interest rate cycle. The GDP growth for the region is forecasted at 4.1%, with varying performance across individual markets. Economic growth will accelerate in India, Australia, and Japan, while slowing in Greater China and Korea due to sluggish consumer spending. Despite potential impacts from U.S. tariffs, commercial real estate transaction volumes are expected to rise by 5-10% year-over-year. Office leasing activity will see modest growth, with a focus on high-quality spaces. The logistics sector will experience cautious expansion, while retail rents will continue a slow recovery. The hotel sector is poised for positive growth with a recovery in international tourism and modest RevPAR growth.