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.
Global Occupier Services
Project & Development Services
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.
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:
Cushman & Wakefield (NYSE: CWK), in partnership with CoreNet Global, the global professional association for corporate real estate, has released new survey results showingsome key shifts in occupiers’ approach to workplace decisions.
Hena Park • 23/06/2023
Persistent inflation, tight labour markets and ongoing supply chain delays have increased average fit out costs across Asia Pacific.
Hena Park • 30/03/2023
With the advent of the post-pandemic era, companies are also actively taking steps to return their employees to the office in Korea. Many companies, especially IT firms and conglomerates are adopting hybrid work.
Hena Park • 28/06/2022