2023 Asia Pacific Office Occupier Sentiment Survey (CBRE)

As the Asia Pacific region exits the pandemic and business activity returns to normal, corporate occupiers are placing more emphasis on employee productivity and on increasing office utilisation. With workplace transformation underway, there is strong demand to adapt and “build a better office” to meet the fast-evolving needs of employees and senior management. Additionally, occupiers should be actively identifying new opportunities and strategies to future-proof their portfolios. CBRE’s 2023 Asia Pacific Office Occupier Sentiment Survey, which features insights from more than 130 corporate real estate executives in the region, from more than 80 multinational and domestic companies, delves deeper into the future of work and the changing role of the office.Key findings include: 

• Policy on hybrid working is tightening 
  • 68% of C-suites are focusing on increasing office attendance or improving work efficiency
  • 66% have policy enforcement on office attendance, including performance and financial consequences
     
• Companies are future-proofing their portfolio 
  • 44% expect their CRE portfolio to grow in the next three years
  • Public transportation access, onsite F&B and sustainable building features are the most desired building features
     
• ‘Flight-to-green’ is becoming the next norm 
  • 64% want to expand into ESG-certified buildings
  • 47% want to include data sharing in green leases
     
• Demand for a more refined workplace is increasing 
  • 48% have adopted flexible seating; this is expected to increase to 80% by 2025
  • Increasing demand for focus space and small-sized meeting rooms

This report was originally published in https://www.cbre.com/insights/reports/asia-pacific-major-report-2023-asia-pacific-office-occupier-sentiment-survey