Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

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:  

  1. APAC QuoteGrowth in office-based employment 
  2. Weaker adoption of flexible working practices 
  3. The vital role the office continues to fulfill 

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

Read the full article.  

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.

Subscribe for Updates
Get notified as soon as more articles are released in The Edge Volume 7.
Subscribe

 

MORE Insight

Global MarketBeat Report Map
MarketBeat • Insights

Spain Marketbeats

Cushman & Wakefield MarketBeat reports analyse quarterly Spain commercial property activity across office, retail and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels.
Marta Esclapés • 26/10/2022
five-fast-facts-return-to-office-web-card-v2
Article • Office

Five Fast Facts: Return to Office

Does your office meet employees’ evolving needs? Our research indicates the hybrid work model is here to stay.
Bryan Berthold • 31/08/2022
10 key learnings (image)
Research • Workplace

10 Key Learnings and What They Mean for Real Estate

It’s likely a fool’s errand to try to wrap all the complexities, shifts, challenges and surprises of 2020 into a meaningful summary. However, throughout the year, our team did uncover and analyze major trends and key learnings that emerged for the real estate industry.
Kevin Thorpe • 02/03/2021

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS