Investors navigate shifting demand for office and flex space
Asia Pacific office occupiers are grappling with the complexities of the hybrid work model as they attempt to strike a balance between providing employees with desired flexibility and realigning their portfolios for the next evolution of the workplace, according to Colliers’ Global Occupier Outlook 2023, released in July.
The new report focuses on the fundamental forces reshaping workplaces, workforces and property portfolios as occupiers look for resilient real estate strategies during a highly uncertain future. It reveals the hybrid work model presents an ongoing challenge for Asia Pacific occupiers, as it remains inconsistent across markets and industries.
Macroeconomic uncertainty and a lack of clarity are posing challenges for businesses in projecting their space requirements and, according to Colliers, many businesses are approaching their decisions on office take up and investment more cautiously.
Additional report findings include: