JLL predicts there will be opportunities in enhancements and value-add in Asia Pacific real estate this year. A reimagining of outmoded assets and outdated space across all sectors may become a defining theme from 2021 onward. JLL estimates upward of 40 percent of today’s office assets in the region need some form of enhancement to stay relevant.
The demand for experiences will mature. Business leaders are starting to realize that their businesses may never operate in the exact same way they did before COVID-19. In retail, there will be a continued acceleration of change, with experience at the fore.
And investment volumes are forecast to rise between 15 percent and 20 percent. JLL expects stronger appetite for assets with income stability, such as logistics, data centers and multifamily, as well as a pick-up in hotel, retail and office investments to occur in tandem with economic recovery and potentially more clarity on the relevance of the office. Investors will ad
