• Office leasing activity was stable in Q4 2017, driven by a steady flow of flight to quality moves. Demand was predominantly led by expansions and relocations by tech firms. Domestic financial firms were also active.
  • The co-working sector remained upbeat as international operators continued to implement aggressive expansion plans, while large domestic players entered new markets across the region.
  • Previously weak sectors saw signs of stabilisation, with demand from mining companies improving slightly in Australia and selected oil and gas firms upgrading in Singapore.
  • Occupier strategy continues to evolve, with more tenants adopting workplace strategy and utilising co-working space as part of an overarching focus on improving flexibility, strengthening collaboration and reducing costs.