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Offices not dead yet
published : 24 Jul 2021 at 04:00
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A growing number of corporate occupiers plan to extend their office footprint in Asia Pacific in the long term, while also pursuing greater flexibility and new hybrid working models, says the international real estate services company CBRE.
About 50% of respondents signalled an intention to increase the size of their real estate portfolios over the next three years, a substantial increase from just 23% in October 2020, according to the 2021 Asia Pacific Future of Office Survey, released this week.
Leading the charge are Asian companies that are displaying a stronger appetite for expansion, particularly tech companies and some investment and insurance firms. Among multinationals, while consolidation and flight-to-quality remain a focus, some still have a healthy long-term appetite for expansion, among them tech firms.