The Asia Pacific real estate market shows resilience amid a gradual economic slowdown, with GDP growth projected at 3.9% for 2024 and 2025. While office cap rates have seen minimal expansion, investor interest remains strong due to robust rental outlooks, particularly in Australia and South Korea, despite mixed leasing activity and rising vacancy rates in logistics. Geopolitical risks, particularly from potential US tariffs on China, pose challenges, but some APAC countries may benefit from supply chain adjustments.