Since the US-China trade tension in 2018, investment sentiment in the office market has been subdued. Overall office prices fell by a total of 23% between the last peak in Q3 2018 and Q1 this year. Clouded by economic uncertainties, we expect office prices and rents to remain under pressure in the first half of this year and bottom out during mid-year. By leveraging the price correction across the office leasing and investment markets in 2021, we believe now is the opportune time to enter the strata-office market.
Read our latest Colliers Flash to find out more about the prospects of entering the strata-office market, and our recommendations for investors and end-users.