The Resilient Office in Asia Pacific

Jenny Pizarro • 10/05/2022

With hybrid working seemingly entrenched in work-life across most of the globe, Asia Pacific isn’t seeing the same response.

Team working

Much of the workforce instead is back in the office—or planning to head back. In fact, the Asia Pacific office market has shown continued resilience throughout this pandemic, being the only region to record consecutive quarters of positive net absorption since the virus’ onset, and the forecast for office demand continues to look sunny largely due to the three following factors:

Growth in office-based employment
Weaker adoption of flexible working practices
The vital role the office continues to fulfill

Learn why the forecast for office demand in Asia Pacific continues to look promising.

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Jenny Pizarro

Partner, Head of Business Development
Barcelona, Spain

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Figure 1: Unemployment forecasts show that labor markets are expected to tighten across the region, with most registering unemployment rates at or below their respective five-year averages.

Figure 2: Analysis of data from Cushman & Wakefield’s bespoke workplace strategy tool, Experience per Square Foot (XSF), has shown a practically universal desire to work more flexibly post-pandemic, but significant variations exist across the region.

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