The Asia Pacific Cap Rates Report highlights quarterly cap rate movements across the region, providing a clear benchmark for investment returns and identifying opportunities across the office, retail, and industrial sectors.
APAC cap rates were largely stable over the past quarter, supported by deep domestic capital despite geopolitical and inflationary pressures.
Investor demand remains focused on prime, defensive assets in markets with strong long‑term fundamentals, with a shift toward selective, high‑conviction investments.
Key Highlights in Q1 2026:
- The Office sector remains stable across APAC, supported by a flight to quality and resilient leasing in prime CBD assets, with strong absorption in markets such as Mumbai, Bengaluru and Tokyo reinforcing investor confidence despite selective cap rate movements.
- Retail performance is mixed but improving in prime locations, led by a sharp rebound in Hong Kong investment activity and tourism-driven strength in Tokyo, while investors continue to prioritise well-managed assets with stable income and limited new supply.
- The Industrial sector continues to outperform, underpinned by robust demand from logistics, e‑commerce and data centres, with Jakarta and Mumbai leading on occupancy and rental growth despite rising new supply in select markets.
Stay informed with the latest market insights! Download the APAC Cap Rates Report | Q1 2026 now to access comprehensive data and analysis on cap rates across the Asia Pacific region.
