Rethinking the office sector in Asia Pacific | ID

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class="breadcrumb-item js-breadcrumb-item"><a href="/en/indonesia">Indonesia</a></li> <li class="breadcrumb-item js-breadcrumb-item"><a href="/en/indonesia/insights">Insights</a></li> <li class="breadcrumb-item js-breadcrumb-item active" aria-current="page">Rethinking the office sector in Asia Pacific</li> </ol> </nav> </section>  <section class="container" style="" > <div class="theme-darkblue"> <div class="card mix_hero-pageTitle js-hero"> <div class="card-animation-container"> <img class="card-img-top d-md-none image-resizing" alt="Rethinking the office sector" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/common/campaign-images/2023/rethinking-the-office-sector/landing-page-card.jpg?rev=aefbc40e964a42b39882d5e691175c95" width="406" height="260"/> <img class="card-img-top d-none d-md-block image-resizing" alt="Rethinking the office sector" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/common/campaign-images/2023/rethinking-the-office-sector/landing-page-desktop.jpg?rev=5dab3affd78542db823e2e18f07551ae" width="1176" height="521"/> <div class="card-animation-block mix_primary" style=""></div> <div class="card-animation-block mix_secondary" style=""></div> </div> <div class="card-body" style=""> <p class="card-category">Insights</p> <h1 class="card-title">Rethinking the office sector in Asia Pacific</h1> <p class="card-text"> <a class="btn btn-primary" target="" href="#podcast">LISTEN NOW</a> </p> </div> </div> </div> </section> <div class="container"> <div class="row"> <div class="col-lg-8" style=""> <section style=""> <div class="rich-text"> <h2 id="tips" style="margin-top: -10px;">Optimising your asset for a new era</h2> <div> </div> <p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in;"><span style="color: #696b6b;">Despite facing lower risks of obsolescence compared to the US and Europe, the office sector in Asia Pacific is not without challenges. Pressure is starting to build on several fronts including elevated vacancy levels, evolving occupier space requirements and impending government legislation . </span></p> <p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in;"> </p> <p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in;"><span style="color: #696b6b;">Our report takes a deeper dive into the underlying dynamics and drivers across the APAC region鈥檚 major markets and provides a roadmap for asset optimisation. <br /> <br /> Find your local office sector insights by selecting from the below:</span></p> <br /> <div class="row"> <div class="col"> <strong> <span class="flag-icon flag-icon-au"></span></strong><a rel="noopener noreferrer" href="/en/australia/insights/rethinking-the-office-sector" target="_self"> Australia </a><br /> <span class="flag-icon flag-icon-cn"></span><a rel="noopener noreferrer" href="/en/greater-china/insights/rethinking-the-office-sector" target="_self"> Greater China </a><br /> <span class="flag-icon flag-icon-in"></span><a rel="noopener noreferrer" href="/en/india/insights/rethinking-the-office-sector" target="_self"> India </a><br /> <span class="flag-icon flag-icon-jp"></span><a rel="noopener noreferrer" href="/ja-jp/japan/insights/rethinking-the-office-sector" target="_self"> Japan </a><br /> <span class="flag-icon flag-icon-sg"></span><a rel="noopener noreferrer" href="/en/singapore/insights/rethinking-the-office-sector" target="_self"> Singapore </a></div> </div> </div> </section> </div> <div class="col-lg-4" style=""> <section style=""> <div class="rich-text"> <div class="sidebar mix_wedged" style="margin-top:-25px;"> <div class="sidebar-animation-container"> <div class="sidebar-animation-block mix_primary"> </div> <div class="sidebar-animation-block mix_secondary"> </div> </div> <div class="sidebar-body"> <h4 class="text-uppercase"></h4> <p style="text-align:center;"> <img class="card-img-top" alt="Rethinking the office sector" src="-/media/cw/apac/common/campaign-images/2023/rethinking-the-office-sector/landing-page-report.jpg?h=100%25&w=300&hash=23020C968FA88C7B3A95DFABE3FD462C" style="width: 300px; height: 100%;" /> </p> <a rel="noopener noreferrer" href="https://cloud.comm.cushmanwakefield.com/rethinking-the-office-sector-download-report-2023" class="btn btn-primary btn-block" target="_blank">Access the report <i class="far fa-external-link"><span class="sr-only">External Link</span></i></a> </div> </div> </div> </section> </div> </div> </div> <section class="container" style="" > <div class="rich-text">  <div style="position: relative;width: auto;padding: 0 0 56.25%;height: 0;top: 0;left: 0;bottom: 0;right: 0;margin: 0;border: 0 none;" id="experience-64901c49cedb0" data-aspectratio="1.77777778" data-mobile-aspectratio="0.5625"><iframe src="https://view.ceros.com/cushmanwakefield-apac/rethinking-the-office-sector" style="position: absolute; inset: 0px; margin: 0px; padding: 0px; border: 0px none; height: 5px; width: 8px; min-height: 100%; min-width: 100%;" frameborder="0" class="ceros-experience" title="Rethinking The Office Sector" scrolling="no" data-ceros-subpixel-oversize="true" data-ceros-subpixel-original-width="1px" data-ceros-subpixel-original-height="1px" data-gtm-yt-inspected-18="true" data-gtm-yt-inspected-16="true"></iframe></div> <br />  </div><section class="container"> <h2 class='container-headline mix_align-center'>Authors</h2> <div class="js-slickCarousel"> <div> <div class="card mix_person card-no-border" onclick="location.href='/en/australia/people/dominic-brown';"> <a href="/en/australia/people/dominic-brown"> <img class="card-img-top image-resizing h-auto" alt="Dominic-Brown_Headshot_AP" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/singapore/people/dominic-brown_headshot_ap.jpg?rev=2ddaa877356b41ce9f541c816dcc21ff" width="564" height="343"/> </a> <div class="card-body"> <h6 class="font-weight-bold"><a href="/en/australia/people/dominic-brown">Dominic Brown</a></h6> <p class="card-text mt-3"> <span class="font-weight-bold">Head of International Research, Global Think Tank</span><br> <span class="font-weight-bold">Brisbane, Australia</span><br> </p> <hr class=" d-block d-lg-none"/> <p class="font-weight-bold d-block d-lg-none"> <a href="/api/GetVCard?personId={1F3CED1B-E760-466D-BC0A-B044B03EA3A4}&vcn=DominicBrown"><i class="far fa-id-card"></i> Download VCard</a> </p> </div> </div> </div> <div> <div class="card mix_person card-no-border" onclick="location.href='/en/united-kingdom/people/james-young';"> <a href="/en/united-kingdom/people/james-young"> <img class="card-img-top image-resizing h-auto" alt="James Young" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/emea/united-kingdom/people/james-young_latest.jpg?rev=9c9d727460064a369db61fc85b325e79" width="564" height="343"/> </a> <div class="card-body"> <h6 class="font-weight-bold"><a href="/en/united-kingdom/people/james-young">James Young</a></h6> <p class="card-text mt-3"> <span class="font-weight-bold">Head of Investor Services, EMEA & APAC</span><br> <span class="font-weight-bold">Singapore, Singapore</span><br> </p> <hr class=" d-block d-lg-none"/> <p class="font-weight-bold d-block d-lg-none"> <a href="/api/GetVCard?personId={96AE29E8-366D-437C-AA6C-78A1F360CBDF}&vcn=JamesYoung"><i class="far fa-id-card"></i> Download VCard</a> </p> </div> </div> </div> <div> <div class="card mix_person card-no-border" onclick="location.href='/en/singapore/people/gordon-marsden';"> <a href="/en/singapore/people/gordon-marsden"> <img class="card-img-top image-resizing h-auto" alt="Gordon marsden" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/singapore/people/gordon.png?rev=7ca09b9ec3c2425e99f137ba405ab94c" width="564" height="343"/> </a> <div class="card-body"> <h6 class="font-weight-bold"><a href="/en/singapore/people/gordon-marsden">Gordon Marsden</a></h6> <p class="card-text mt-3"> <span class="font-weight-bold">Head of Capital Markets, Asia Pacific</span><br> <span class="font-weight-bold">Singapore, Singapore</span><br> </p> <hr class=" d-block d-lg-none"/> <p class="font-weight-bold d-block d-lg-none"> <a href="/api/GetVCard?personId={53CAC04A-EFC9-4E15-909C-08E7EE069739}&vcn=GordonMarsden"><i class="far fa-id-card"></i> Download VCard</a> </p> </div> </div> </div> <div> <div class="card mix_person card-no-border" onclick="location.href='/en/singapore/people/christine-ho';"> <a href="/en/singapore/people/christine-ho"> <img class="card-img-top image-resizing h-auto" alt="Christine_Ho_640x640" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/singapore/people/christine_ho_640x640.png?rev=66be7c9382f2479d9a598fa6c2266609" width="564" height="343"/> </a> <div class="card-body"> <h6 class="font-weight-bold"><a href="/en/singapore/people/christine-ho">Christine Ho</a></h6> <p class="card-text mt-3"> <span class="font-weight-bold">Associate Director, Client Services</span><br> <span class="font-weight-bold">Singapore, Singapore</span><br> </p> <hr class=" d-block d-lg-none"/> <p class="font-weight-bold d-block d-lg-none"> <a href="/api/GetVCard?personId={9FFB71E7-8045-44C3-A2F9-1D07714F67A5}&vcn=ChristineHo"><i class="far fa-id-card"></i> Download VCard</a> </p> </div> </div> </div> <div> <div class="card mix_person card-no-border" onclick="location.href='/en/australia/people/matt-clifford';"> <a href="/en/australia/people/matt-clifford"> <img class="card-img-top image-resizing h-auto" alt="Matt Clifford" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/australia/people/2023/matt-cliffordv2.jpg?rev=e682d1042a44488e840fb353a758b0cb" width="564" height="343"/> </a> <div class="card-body"> <h6 class="font-weight-bold"><a href="/en/australia/people/matt-clifford">Matt Clifford</a></h6> <p class="card-text mt-3"> <span class="font-weight-bold">Head of Sustainability & ESG, Asia Pacific</span><br> <span class="font-weight-bold">Sydney, Australia</span><br> </p> <hr class=" d-block d-lg-none"/> <p class="font-weight-bold d-block d-lg-none"> <a href="/api/GetVCard?personId={90C81108-8483-4B9A-B94C-C213DA7F6714}&vcn=MattClifford"><i class="far fa-id-card"></i> Download VCard</a> </p> </div> </div> </div> </div> <div class="row mb-5"> <div class="col-lg-4 offset-lg-4 pl-5 pr-5"> </div> </div> </section> <div class="rich-text"> <div class="rich-text"> <br /> <img alt="" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/common/campaign-images/2023/office-fit-out/divider-02.png?rev=6326ace3085f4ae1a058d8c0d909152e&hash=E51A8598E1F0BC2D3E0EF41DF85F50C8" style="height:5px; margin-bottom:30px;" />  <br /> <h2 id="podcast" style="margin-top: -10px;">ReThinking the Office Sector: Conversations by Cushman & Wakefield</h2> <br /> <p>What is happening in the office sector? What do occupiers want? Is sustainability causing obsolescence? What does it all mean for investors? In this four-part podcast series, Cushman & Wakefield takes a look at the office, and at how this asset class can be optimised for a new era. Hear from guests including Dr. Dominic Brown (Research), James Young (Investor Services), Mika Kania (Sustainability) and Andrew Carmichael (Project & Development Services) as they share their insights and observations about this rapidly changing sector. Hosted by <a href="/en/singapore/people/amy-kathleen-kelly">Amy Kelly</a>.</p> <br /> <div class="row"> <div class="col-lg-3"> <div class="card"> <a href="https://audioboom.com/posts/8355834-rethinking-the-office-what-is-happening-in-the-office-sector" title="Listen now"><img class="card-img-top" alt="ReThinking the Office: What is happening in the office sector?" src="https://image.comm.cushmanwakefield.com/lib/fe36117171640578741272/m/1/Rethinking+-+Podcast+Artwork_Page_2.jpg" style="height: 100%; width: 100%;" /></a> <div class="card-career-external-body"> <h5 class="font-weight-bold"></h5> <hr /> <div class="card-text rich-text"><a href="/en/india/people/anshul-jain">Anshul Jain</a> and <a href="/en/australia/people/dominic-brown">Dr. Dominic Brown</a> provide an overview of the office sector in Asia Pacific right now… and consider how it could look in 10 years' time.                                                                           </div>  <p><a rel="noopener noreferrer" class="btn btn-primary btn-block" href="https://audioboom.com/posts/8355834-rethinking-the-office-what-is-happening-in-the-office-sector" target="_blank">LISTEN NOW <em class="far fa-external-link"><span class="sr-only">External Link</span></em></a></p> <p><a rel="noopener noreferrer" href="https://image.comm.cushmanwakefield.com/lib/fe36117171640578741272/m/1/Episode+01_TRANSCRIPT_01.pdf" class="btn btn-secondary btn-block" target="_blank">DOWNLOAD TRANSCRIPT <em class="far fa-external-link"><span class="sr-only">External Link</span></em></a></p>  </div> </div> </div> <div class="col-lg-3"> <div class="card"> <a href="https://audioboom.com/posts/8355892-rethinking-the-office-what-do-occupiers-want" title="Listen now"><img class="card-img-top" alt="ReThinking the Office: What do occupiers want?" src="https://image.comm.cushmanwakefield.com/lib/fe36117171640578741272/m/1/Rethinking+-+Podcast+Artwork_Page_4.jpg" style="height: 100%; width: 100%;" /></a> <div class="card-career-external-body"> <h5 class="font-weight-bold"></h5> <hr /> <div class="card-text rich-text"> <div class="card-text rich-text" style="margin-bottom: 1rem;"><a href="/en/singapore/people/cameron-ahrens">Cameron Ahrens</a> shares what he is hearing from occupiers navigating the return to office, while <a href="/en/singapore/people/andrew-carmichael">Andrew Carmichael</a> explains how investors are responding to more discerning occupier requirements.   </div>  <p><a rel="noopener noreferrer" class="btn btn-primary btn-block" target="_blank" href="https://audioboom.com/posts/8355892-rethinking-the-office-what-do-occupiers-want">LISTEN NOW <em class="far fa-external-link"><span class="sr-only">External Link</span></em></a></p> <p><a rel="noopener noreferrer" href="https://image.comm.cushmanwakefield.com/lib/fe36117171640578741272/m/1/Episode+02_TRANSCRIPT_01.pdf" class="btn btn-secondary btn-block" target="_blank">DOWNLOAD TRANSCRIPT <em class="far fa-external-link"><span class="sr-only">External Link</span></em></a></p>  </div> </div> </div> </div> <div class="col-lg-3"> <div class="card"> <a href="https://audioboom.com/posts/8356622-rethinking-the-office-sector-is-sustainability-causing-obsolescence" title="Listen now"><img class="card-img-top" alt="ReThinking the Office: Is sustainability causing obsolescence?" src="https://image.comm.cushmanwakefield.com/lib/fe36117171640578741272/m/1/Rethinking+-+Podcast+Artwork_Page_3.jpg" style="height: 100%; width: 100%;" /></a> <div class="card-career-external-body"> <h5 class="font-weight-bold"></h5> <hr /> <div class="card-text rich-text"><a href="/en/singapore/people/gordon-marsden">Gordon Marsden</a> considers how ESG impacts different investor profiles, and <a href="/en/greater-china/people/mika-kania">Mika Kania</a> shares some sustainability solutions available to each.                                                               </div>  <p><a rel="noopener noreferrer" class="btn btn-primary btn-block" href="https://audioboom.com/posts/8356622-rethinking-the-office-sector-is-sustainability-causing-obsolescence" target="_blank">LISTEN NOW <em class="far fa-external-link"><span class="sr-only">External Link</span></em></a></p> <p><a rel="noopener noreferrer" href="https://image.comm.cushmanwakefield.com/lib/fe36117171640578741272/m/1/Episode+03_TRANSCRIPT_01.pdf" class="btn btn-secondary btn-block" target="_blank">DOWNLOAD TRANSCRIPT <em class="far fa-external-link"><span class="sr-only">External Link</span></em></a></p>  </div> </div> </div> <div class="col-lg-3"> <div class="card"> <a href="https://audioboom.com/posts/8356625-rethinking-the-office-sector-what-does-it-all-mean-for-investors" title="Listen now"><img class="card-img-top" alt="ReThinking the Office: What does it all mean for investors?" src="https://image.comm.cushmanwakefield.com/lib/fe36117171640578741272/m/1/Ep-04-1080X1080.png" style="height: 100%; width: 100%;" /></a> <div class="card-career-external-body"> <h5 class="font-weight-bold"></h5> <hr /> <div class="card-text rich-text">Where to from here? <a href="/en/united-kingdom/people/james-young">James Young</a> and <a href="/en/singapore/people/christine-ho">Christine Ho </a>discuss how some office owners are optimising their assets during this time of change.                                                                      </div> <p class="card-text">  </p> <p><a class="btn btn-primary btn-block" href="https://audioboom.com/posts/8356625-rethinking-the-office-sector-what-does-it-all-mean-for-investors">LISTEN NOW <em class="far fa-external-link"><span class="sr-only">External Link</span></em></a></p> <p><a rel="noopener noreferrer" href="https://image.comm.cushmanwakefield.com/lib/fe36117171640578741272/m/1/Episode+04_TRANSCRIPT_01.pdf" class="btn btn-secondary btn-block" target="_blank">DOWNLOAD TRANSCRIPT <em class="far fa-external-link"><span class="sr-only">External Link</span></em></a></p> </div> </div> </div> </div> <br /> <div style="background:#f2f4f5; padding:30px;"> <iframe width="100%" height="250" src="https://embeds.audioboom.com/channels/5112814/embed?v=202301" style="background-color: transparent; display: block; padding: 0; width: 100% background:#f2f4f5;" frameborder="0" allowtransparency="allowtransparency" scrolling="no" title="Audioboom player" allow="autoplay" sandbox="allow-downloads allow-forms allow-popups allow-same-origin allow-scripts allow-storage-access-by-user-activation allow-top-navigation-by-user-activation" data-gtm-yt-inspected-18="true"></iframe> </div> <br /> <br /> <img alt="" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/apac/common/campaign-images/2023/office-fit-out/divider-02.png?rev=6326ace3085f4ae1a058d8c0d909152e&hash=E51A8598E1F0BC2D3E0EF41DF85F50C8" style="height:5px; margin-bottom:30px;" />  <br /> <p>In our two sister reports, we’ve also analysed the level of risk of office asset obsolescence in the United States and Europe. The findings were stark and highlighted the significant amount of work that lies ahead for landlords in both regions. Access our sister reports below:</p> <div class="row"> <div class="col-lg-6"> <div class="card"> <a href="https://cloud.comm.cushmanwakefield.com/Obsolescence-Equals-Opportunity-Report" title="Get in Touch"><img class="card-img-top" alt="Download report" src="https://image.comm.cushmanwakefield.com/lib/fe36117171640578741272/m/1/us-report.jpg" style="height: 100%; width: 100%;" /></a> <div class="card-career-external-body"> <h5 class="font-weight-bold"></h5> <hr /> <div class="card-text rich-text">United States Obsolescence Equals Opportunity                                </div> <p class="card-text"> <a rel="noopener noreferrer" href="https://cloud.comm.cushmanwakefield.com/Obsolescence-Equals-Opportunity-Report" class="btn btn-secondary" title="view report" target="_blank">view report <em class="far fa-external-link"><span class="sr-only">External Link</span></em></a> </p> </div> </div> </div> <div class="col-lg-6"> <div class="card"> <a href="https://cushwake.cld.bz/Europe-Obsolescence-Equals-Opportunity" title="Get in Touch"> <img class="card-img-top" alt="Download report" src="-/media/cw/emea/united-kingdom/insights/2023/obsolescence-emea-thumbnail.jpg?h=100%25&w=100%25&hash=E167382A58A25F6892C6D5BCF308E3FD" style="height: 100%; width: 100%;" /> </a> <div class="card-career-external-body"> <h5 class="font-weight-bold"></h5> <hr /> <div class="card-text rich-text"> <p style="text-align: left;">European Obsolescence Equals Opportunity</p> <a rel="noopener noreferrer" href="https://cushwake.cld.bz/Europe-Obsolescence-Equals-Opportunity" class="btn btn-secondary" title="view report" target="_blank">view report <em class="far fa-external-link"><span class="sr-only">External Link</span></em></a> </div> </div> </div> </div> </div>  <div class="hero mix_hero-prefooter js-hero isOnScreen"> <div class="hero-animation-container"> <div class="hero-prefooter-stripes"> </div> </div> <div class="container"> <div class="row align-items-center"> <div class="col-lg-7 offset-lg-1"> <h3 class="text-uppercase">READY TO RETHINK YOUR ASSETS?</h3> <div class="rich-text">Contact our Rethinking Team now!</div> </div> <div class="col-lg-2 offset-lg-1"> <a rel="noopener noreferrer" href="https://cushwk.co/rethinking_office_consultation" class="btn btn-primary" target="_blank">Contact Us <em class="far fa-external-link"><span class="sr-only">External Link</span></em></a> </div> </div> </div> </div>  </div> </div> </section> <div class="container"> <div class="row"> <div class="col-lg-8" style=""> <section style=""> </section> </div> <div class="col-lg-4" style=""> <section style=""> </section> </div> </div> </div> <section class="container" style="" > </section> <section class="container-fluid" style="" > </section> <div class="cookiecontent">  <div id="banner_title" class="desc_text"> Your privacy matters to us </div> <div id="description_text" class="desc_text"> With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.<br /> <br /> Alternatively click on More Options and select your preferences before providing or refusing consent. 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Rethinking the office sector in Asia Pacific | ID | Cushman & Wakefield