By Andrew Batt:
Confidence in the Asia office leasing market declined in Q3 2012 according to a new research report from Colliers International.
The Asia Office Leasing Market Confidence Index, published this week, registered a figure of 55.1 percent in 3Q 2012, edging down from 64.2 percent in the previous quarter.
Although the index was lower than 2Q 2012, it remained at above 50 percent. Colliers described this as being a clear indication of the positive overall sentiment in the office leasing market.
The Index, based on a survey conducted in 3Q 2012 among all office leasing professionals in Colliers’ offices in Asia is a consolidation of four sub-indices covering New Leasing Inquiry, Real Estate Requirements, Landlords’ Expectations and Rental Expectations, based on the methodology of Diffusion Index.
Although the overall level of new office leasing inquiry in Asia decreased in 3Q 2012, the survey results found that the interest level from office tenants intending to take on additional space was sustained but was not as strong as that in 2Q 2012.
http://www.colliers.co.th/images/agency/SMAX5TbnAsia%20Office%20Leasing%20Survey_3Q.PDF
Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg
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