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 Shanghai, continued intra-market competition, heightened green legislation and greater green requirements from tenants, will all lead to more landlords looking at ways to optimise their assets to meet the evolving needs of tenants.
In Hong Kong, with increasing competition to secure tenants, landlords need to become proactive in optimising their assets. More progressive landlords have already started prioritising sustainability improvements, with almost half of office stock by lettable area already having received a sustainability rating.
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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Alton Wong
Executive Director, Head of Advisory Services, Valuation & Advisory Services, Greater China, Co-Head of Sustainability Services Platform, Greater China
Hong Kong, Greater China
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:
