Asia Pacific Office Report 3Q11
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Amid uncertainty and market volatility during the third quarter, office fundamentals continued to hold up generally in many markets within the region. The Grade A vacancy rate remained low, albeit slightly higher from mid-year. Rental rates continued their uptrend in most markets, and set another record in Beijing and Hong Kong. Meanwhile, rents in Tokyo dipped to their 10-year lows. While a protracted global slowdown could impact the region, Cushman & Wakefield expects overall economic and property fundamentals to remain intact for the remainder of the year.
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