Rising inflation, zero-covid policies in mainland China and ongoing supply chain bottlenecks are just a few of the headwinds that continue to cloud the operating environment for occupiers of commercial real estate in Asia Pacific.
As slowing GDP growth prompts many companies to tighten their belts, CBRE’s recent surveys of office, retail and logistics tenants, along with wide-ranging discussions with corporate clients, have uncovered several common themes in how occupiers are adapting and responding to these challenges.
The seven key trends we expect to influence occupier portfolio strategy and leasing demand over the remainder of the year and into 2023 are as follows:
- A mild global recession
- Continued cautious expansion
- Ongoing flight to quality
- Rising fit-out costs
- A shortage of talent
- Building resilience
- Investing in technology
