APAC (Asia-Pacific) Corporates Global Real Estate Portfolio Expansion Overview 2021

A survey done by Knight Frank which features survey findings of almost 400 international businesses with a combined headcount in excess of 10 million shows that APAC business are 30% more likely to increase office space, 51% of APAC are planning to move headquarters in the next 3 years which is 13% higher than their global counterparts. Mixed-use development with a retail component will become more sought-after as APAC workers seek a better workplace experience. Furthermore, 17% more APAC businesses likely to increase real estate portfolios and 18% fewer APAC businesses likely to decrease their global portfolios compared to their global counterparts. The proportion of those seeking to make substantial changes of more than 20% is greater than that of global levels. The top three types of amenities that will be demanded by employees in Asia-Pacific include food & beverage offerings, healthcare facilities and gym facilities. Hence, we are witnessing the shift towards mixed-use development that boasts a diverse mix of residential, commercial and recreation spaces all in one area.