Thought Leadership

Responses from real estate investors in Japan were compiled in this survey. The responses include their expected returns, investment outlook, and rental growth. Surveyed firms include asset managers, securitization developers, life insurance, commercial banks and other financial institutions, investment banks, pension funds, and real estate leasing.

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Cushman & Wakefield recently released “Office of the Future Revisited” in which a global view of how the demand for and use of office space is changing. Within the report, three realities were presented:

1. Demand for office space is accelerating;

2. Hybrid is here to stay; and

3. The role of the office has changed.

While all three of these realities are true for the Asia Pacific region, as a geographically large and culturally diverse region, we see nuance in how these realities manifest between markets.

• Asia Pacific continues to lead the world in office demand
• The region is, however, lagging somewhat when considering the shift to hybrid working
• Greater change management needs to be delivered as pressure builds from a growing, younger workforce
• With the nuances and differences between markets, solutions and approaches will need to vary across the region
• Corporate employers should begin testing and piloting now to meet the needs of their current and future workforce

 

This report was originally published in https://www.cushmanwakefield.com/en/insights/apac-office-of-the-future-revisited

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• Pandemic-related border controls, mainland China’s zero-covid policy, the rising cost of global shipping and higher energy prices will continue to pressure Southeast Asian supply chains in 2022 and mostly likely beyond.

• As occupiers respond by strengthening supply chain resilience and seeking to strike a balance between “just-in-time” and “just-in-case” inventory models, new demand for modern warehouses is poised for substantial growth.

• Demand will also benefit from the implementation of China Plus One strategies by manufacturers seeking to relocate production out of mainland China and into multiple bases in nearby markets, with ASEAN economies set to be clear winners.

• As the RCEP and other FTAs take effect, Southeast Asian markets’ tariffs with their major trading partners will fall significantly, benefiting export growth and increasing their role and importance in global supply chains, spurring additional real estate requirements. The continued growth of the region’s e-commerce industry will also continue to drive warehouse demand.

• As well as booming occupier demand, investment in Southeast Asian manufacturing and logistics real estate will accelerate, with opportunities in developed markets likely to focus on developing institutional grade logistics stock to ride on local consumer market growth and the increasing importance of Southeast Asia in global value chains.

This report was originally published in https://apacresearch.cbre.com/en/research-and-reports/Asia-Pacific-ViewPoint--Prolonged-Supply-Chain-Disruption-to-Accelerate-Southeast-Asian-Logistics-Re

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The Rediscovering Kowloon West outlines upcoming development areas and infrastructure projects in the west of Hong Kong and identifies opportunities for occupiers and investors.

Two mega projects in Lantau Tomorrow Vision and Northern Metropolis are expected to pave the way for different office clusters around Kowloon Station, Cheung Sha Wan and the New Development Areas (NDAs) in the New Territories. As a result, 29% of Grade A office space in the next five-years will be in Kowloon West with total supply expected to increase from 6 million sq. ft. in March 2022 to 9 million sq. ft. 2026.

This report was originally published in https://www.colliers.com/en-hk/research/colliers-radar-rediscovering-kowloon-west

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