• Tenant enquiries and site inspections rose in all major markets this month, led by Australia and Singapore.

 

  • Similar to February’s result, around 65% of respondents to March’s survey stated they had not detected any major change in demand for flexible office space.

 

  • Downward pressure on rents is gradually easing, while the rise in incentives is slowing.

 

  • Landlords’ negotiating power remained at similar levels to the previous month.

 

  • Building on last month’s stronger momentum, leasing sentiment remained positive in March.