Summary:
As occupiers rethink their workplace strategies, the region is seeing a clear shift towards quality, innovation, and flexibility. From the rise of ESG-aligned buildings to the emergence of specialized demand clusters, tenants are no longer just leasing space, they are shaping it.
KEY TAKEAWAYS:
- Grade-A Growth: Grade-A office stock in APAC has nearly doubled to 2.3 billion sq ft. over the past decade.
- Core Market Drivers: 2/3rd of demand has been driven by 17 cities across India, SEA and China mainland.
- Top 3 drivers of demand across SEA: IT-BPM, Engineering & manufacturing and BFSI are the top 3 driver of demand for office space across South-East Asia.
