Real Estate's Bright Future in Asia Pacific

2022 was a year of significant change, as governments, businesses, and communities continued to navigate with the consequences of Covid-19. This shift was also visible in the real estate sector, where existing trends as well as the emergence of new ones are shaping how occupiers and investors in Asia Pacific will seek to adapt and drive growth in the coming year. All eyes are now on what the future holds and beyond. According to CBRE, the commercial real estate market in Asia will be positive in 2022. As a result, the report delves deeper into our regional economic forecasts, as well as perspectives on key trends and growth opportunities in the office, industrial & logistics, retail, and investment sectors, demonstrating how Asia's real estate has seen a surprise boom even in the worst of times.

Apart from the emergence of real estate as a new academic discipline even during the worst of times, one of the primary reasons for the growth of Asian real estate is the opening-up of Asian economies and real estate markets since the early 1980s. Along with the development of Asian real estate markets, there has been an increase in real estate data gathered by both government departments and private consultants, facilitating empirical research. The changes that have occurred in these real estate markets have had significant political, social, and economic implications, which have piqued the interest of academics, practitioners, and policymakers alike. To conclude overall, the outlook for real estate in Asia in 2022 is positive, with significant growth opportunities across sectors.