Hong Kong s average cost of designing and building workspaces raised 8.3% to USD 130 per sq ft (around HKD 1,015 per sq ft) in 2022, according to JLL s Asia Pacific Fit-Out Cost Guide 2022/2023. The increase in cost has slowed compared to the 9% growth in 2021.
The Miami Association of Realtors is reporting that total residential transactions for Broward County Florida in October 2022 was down 25.1% year-over-year, from 2,967 to 2,222, because of rising mortgage rates and low inventory.
According to CBRE s latest Asia Pacific Sustainable City Ranking report, cities in Japan and Australia are the most resilient to environmental risks and Ho Chi Minh City is the most resilient emerging Asian market.
New Jersey, Illinois, Delaware, and inland California continued to have the highest concentrations of the most-at-risk markets in the country, with the biggest clusters in the New York City, Chicago and Philadelphia areas. Southern and Midwestern states remained less exposed.
According to global property consultant CBRE, Tokyo s office vacancy rate is rising on the back of new supply. All-grade office vacancy rates rose to 4.9% in Q3 2022, an increase of 0.6 points from the previous quarter, primarily due to vacancies in newly-completed buildings.