Online firms lead Asian office space leasing
[HONG KONG] Social media and e-commerce firms are driving office leasing activity in Asia after they took up the most new office space in the second quarter, overtaking financial companies, Cushman & Wakefield says.
Internet companies such as LinkedIn Corp and Amazon.com made up 21 per cent of the space taken up in the second quarter, compared with the 14 per cent by financial companies, according to the New York-based real estate services firm.
The new space they occupied was 1.1 million square feet, more than the previous three quarters combined, Cushman data shows.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
China builder Vanke tells investors it readied money to pay bond
Swedish property group SBB's loss shrinks in Q1 and sees improving capital market
Consider housing policy tweaks to boost Singapore’s birth rate
HDB resale volumes recover in April as fewer BTO launches push demand to secondary market
More homes planned in Media Circle to support housing demand
Country Garden deadlines pose first big test of bond guarantees