The Asia Pacific commercial property leasing market is ending 2025 on a high note, according to CBRE’s latest report. The Asia Pacific Leasing Market Sentiment Index, based on a survey of 522 leasing professionals conducted between 12 and 24 November 2025, indicates strong sentiment across most markets, with Mainland China being the exception due to slower improvement.
Office leasing sentiment has improved, driven by increased tenant enquiries and expansion in the fourth quarter of 2025. Australia, Korea, and Singapore are experiencing the strongest demand, with the tech sector poised to drive further growth in 2026. “The tech sector, particularly software and tech services, is set to drive expansionary demand in 2026,” the report notes.
Retail leasing activity has also picked up, with more enquiries and site inspections leading to mild rental growth and tighter prime availability. Categories such as casual dining, fashion, and sporting goods are expected to lead improvements in 2026, reinforcing a landlord-favoured market.
However, the industrial and logistics sector is facing challenges, with sentiment softening due to ongoing supply pressures. This has maintained a tenant-favoured market, with leasing activity focusing on relocation and consolidation. Despite these challenges, 3PLs and logistics operators continue to lead expansionary demand in the region.
Overall, the report highlights a positive outlook for the office and retail sectors, whilst the industrial and logistics sector may face further challenges in 2026. The tech sector’s growth is expected to play a significant role in driving demand across the region.
