Asia Pacific Major Report - Future of Office Survey July 2021 (CBRE)

With many markets succeeding in containing the pandemic and relaxing restrictions on business and social activity to some degree over the past six months, this year has seen a significant improvement in business sentiment across Asia Pacific. About 71% of survey respondents believe current business conditions are improving, marking substantial progress from the two surveys CBRE conducted in October and April 2020. Confidence was highest in Greater China and the Pacific, while India and Southeast Asia were less optimistic as they struggle to contain a new wave of infections. The unpredictability of infection rates will continue to weigh on the pace of the regional recovery for the foreseeable future. However, the rapid increase in vaccination rates in mature Asia markets and the reopening of offices globally will further strengthen corporate confidence in the handling of the pandemic.