Theodore Bigman, a portfolio manager at Morgan Stanley, told CNBC’s “Squawk on the Street” that Asia’s real estate market is strong and growing.
“Mostly, we focus on companies that own office properties,” Bigman said. “The (Asian) office markets are some of the best in the world. Vacancy rates are on the order of 2% to 3% in Tokyo and less than 5% in Hong Kong. So, we think it quite rational for rents and asset values to be moving up.”