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Rethinking the office sector Rethinking the office sector

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Rethinking the office sector in Asia Pacific

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Optimising your asset for a new era


Despite facing lower risks of obsolescence compared to the US and Europe, the office sector in Asia Pacific is not without challenges. Pressure is starting to build on several fronts including elevated vacancy levels, evolving occupier space requirements and impending government legislation.

In Singapore, whilst most Grade A offices are currently certified green, a significant proportion may see a downgrade or even lose their Green Mark ratings under the refreshed BCA Green Mark 2021 scheme. With more businesses and consumers embracing sustainability, the future office market landscape will be characterised by a flight to sustainability.

Our report takes a deeper dive into the underlying dynamics and drivers across the APAC region’s major markets and provides a roadmap for asset optimisation.


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Asia Pacific Sustainability & ESG Hub

Sustainability has become not only a priority, but a mandate for many companies. As one of the top global real estate services providers, Cushman & Wakefield is leading the way in Asia Pacific to drive responsible business practices in the property industry.
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We provide a full suite of project delivery services. From end-to-end project management, workplace design and fit outs, project management office, building consultancy, and technical due diligence.
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Grant Carter
Grant Carter

Director
Singapore, Singapore

Deyang Leong
Deyang Leong

Senior Director
Singapore, Singapore

Jeryl Teoh
Jeryl Teoh

Senior Director
Singapore, Singapore

Chee Kit Ho
Chee Kit Ho

Senior Director
Singapore, Singapore



ReThinking the Office Sector: Conversations by Cushman & Wakefield


What is happening in the office sector? What do occupiers want? Is sustainability causing obsolescence? What does it all mean for investors? In this four-part podcast series, Cushman & Wakefield takes a look at the office, and at how this asset class can be optimised for a new era. Hear from guests including Dr. Dominic Brown (Research), James Young (Investor Services), Mika Kania (Sustainability) and Andrew Carmichael (Project & Development Services) as they share their insights and observations about this rapidly changing sector. Hosted by Amy Kelly.


ReThinking the Office: What is happening in the office sector?

Anshul Jain and Dr. Dominic Brown provide an overview of the office sector in Asia Pacific right now… and consider how it could look in 10 years' time.                                                                           

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ReThinking the Office: What do occupiers want?

Cameron Ahrens shares what he is hearing from occupiers navigating the return to office, while Andrew Carmichael explains how investors are responding to more discerning occupier requirements.   

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ReThinking the Office: Is sustainability causing obsolescence?

Gordon Marsden considers how ESG impacts different investor profiles, and Mika Kania shares some sustainability solutions available to each.                                                               

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ReThinking the Office: What does it all mean for investors?

Where to from here? James Young and Christine Ho discuss how some office owners are optimising their assets during this time of change.                                                                      

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In our two sister reports, we’ve also analysed the level of risk of office asset obsolescence in the United States and Europe. The findings were stark and highlighted the significant amount of work that lies ahead for landlords in both regions. Access our sister reports below:

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United States Obsolescence Equals Opportunity                                

view report External Link

Download report

European Obsolescence Equals Opportunity

view report External Link
 

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