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Rethinking the office sector Rethinking the office sector


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 .

Mumbai’s office market, by global standards, remains relatively youthful with prime stock averaging less than 12 years of age, however the city is not without its challenges. High quality health and safety measures and minimum sustainability standards means approximately 13% of stock will require some form of upgrade to meet these higher occupier standards.

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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Our capital markets teams leverage an integrated suite of investor services to deliver strategies to solve complex real estate challenges. As a team we bring extensive expertise to bear for clients, including strategy development and investment planning, identification and sourcing, independent investment analysis, negotiation and due diligence, and ongoing investment oversight.
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Helping our clients make intelligent business decisions to get maximum value from the spaces they occupy.
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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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Ryan Lee
Ryan Lee

Executive Director
Seoul, Korea, Republic of

Yj Choi
Yj Choi

Senior Director
Seoul, Korea, Republic of

Jaehong Lee
Jaehong Lee

Head of PDS
Seoul, Korea, Republic of

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.                                                                           

LISTEN NOW External Link


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.                                                               

LISTEN NOW External Link


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.                                                                      

LISTEN NOW External Link


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:

Download report

United States Obsolescence Equals Opportunity                                

view report External Link

Download report

European Obsolescence Equals Opportunity

view report External Link


Contact our Rethinking Team now!

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