Apac prime office rents seeing sustained recovery: Knight Frank

ALMOST all of the cities tracked by Knight Frank's Asia-Pacific Prime Office Rental Index recorded stable or increased rents in the first quarter of 2022, resulting in the index marking a year-on-year increase of 0.2 per cent.

Of the 21 out of 23 cities that recorded increases, Shanghai recorded the highest year-on-year rise in Q1 at 4.2 per cent.

On the flip side, Shenzhen continued to decline, falling 4.5 per cent year on year.