Knight Frank in a report indicates that the 12-month outlook of office space points to rising office rentals in several cities, including Brisbane, Sydney, Melbourne, Perth, Beijing, Shanghai, Hong Kong, Seoul, Bengaluru, Singapore and Ho Chi Minh City.
It is a matter of time before landlords of prime office space across the Asia-Pacific region raise their rents as demand returns with the increased economic activity.
Tenants in the tech industry are also snapping up premium quality space in central business districts since rents are still low.
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