Asia Pacific Leasing Market Sentiment Index - June 2026

CBRE’s latest Asia Pacific Leasing Market Sentiment Index reveals that office and retail leasing sentiment has softened, while industrial & logistics is showing resilience:

 

Office: 

 

• Middle East Conflict: Most occupiers are only mildly concerned. Business is largely continuing as usual.
• Leasing Activity: More occupiers are evaluating renewal vs. relocation decisions due to concerns about rising fit-out costs.
• Leaders & Laggards: Japan and Singapore favour owners amid tight vacancy. Tenants in mainland China and some Southeast Asian cities continue to have the upper hand in negotiations.

 

Industrial & Logistics:

 

• Middle East Conflict: Occupiers in most markets are adopting a wait-and-see approach due to concerns over elevated energy and freight costs.
• Leasing Activity: Resilient trade flows continue to underpin expansionary activity, particularly in less-affected markets.
• Leaders & Laggards: Easing prime supply is strengthening landlords' position in India and Japan. Australia and mainland China remain tenant-favourable.

 

Retail:

• Middle East Conflict: Most retailers are only mildly concerned but are still assessing the situation. Only a few have postponed expansion plans.
• Leasing Activity: Expansionary demand is still resilient across most markets. Only Australia and some Southeast Asian cities are seeing some pullback.
• Leaders & Laggards: Japan and India are strong landlord markets. Mainland China is still tenant-favourable due to the upcoming supply peak.