Asia Pacific Live-Work-Shop Report 2022 (CBRE) 09 December 2022
In the first survey of its kind, CBRE polled more than 20,000 people worldwide – from Gen Z to Baby Boomers – earlier this year to understand how they will live, work and shop in the future, and how this will impact the real estate they use. Included in the survey were around 9,000 respondents from Asia Pacific.
The survey findings revealed fresh insights that can be harnessed to inform real estate occupier and investor strategies, and ensure that real estate is positioned to meet users’ evolving needs.
Key Asia Pacific findings include:
LIVE
- Strong desire to move: 32% want to move their home, with city centre areas most popular
- Robust homebuying sentiment: 66% of those planning to move homes want to buy instead of rent
- Shifting preferences for home selection: 66% say health and safety is a more important factor than price
WORK
- People want more flexibility: 85% currently spend at least three days per week working at the office
- Location is key: 75% are satisfied with their city centre offices; 55% who work in suburbs stated the same
- Workplace quality matters: 69% of office-based workers attach greater importance to workplace quality
SHOP
- Most consumers prefer to shop offline: 61% prefer to see products in-store before ordering online
- Outlook for personal finance is upbeat: 53% expect their financial situation to improve over the next year
- Ethical consumerism is growing: 80% are more aware of environmental & social issues when they shop
This report was originally published in https://www.cbre.com/insights/local-response/asia-pacific-live-work-shop-report-2022
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