The 5-year interest rate swap has decreased to approximately 2.9% in 3Q24, reflecting falling inflation expectations, while office cap rates have only slightly increased, attracting strong investor interest due to a positive rental outlook. APAC GDP growth is projected at 3.9% for 2024 and 2025, despite potential risks from geopolitical shifts, particularly concerning US-China trade relations. Leasing activity varied across sectors, with office demand stable and retail remaining resilient, while capital markets showed signs of recovery, particularly in Australia and Singapore.
