The result of the US election is likely to lead to more uncertainty in the commercial property market in the Asia Pacific region with many markets already seeing rents fall. Overall prime commercial rents increased 0.6% quarter on quarter and 1% year on year at the end of the third quarter of 2016, according to the latest Asia Pacific prime office rental index from a international real estate firm.
But the index report points out that while the increase in the index was the result of rising rents in eight of the markets over the quarter, six of the 19 markets tracked saw rents fall. ‘While it is still early days, the results of the US election is likely to lead to more uncertainty across the region, with the likely end of the TransPacific Partnership (TPP) a blow to export dependent economies,’ said Oliver Holt, Asia Pacific head of research.
Read more: Propertywire.com
