Real Estate
Commercial Real Estate Vacancy by City
The above chart is Commercial Real Estate Vacancy by City by Asia Pacific – ($100–500B).
Data source: CBRE Global Real Estate Market Outlook (2025)
Market Dynamics
Office vacancy rates have risen in many markets as hybrid work persists and companies right-size footprints. Tier 1 cities show the largest adjustments. Conversion to residential and mixed-use is accelerating. Industrial and logistics real estate remains tight despite economic headwinds.
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