Corporate occupiers are fueling demand and growth for corporate real estate in Asia, according to an article in Global Finance.
The article cites a recent CBRE survey of corporate real estate executives:
- The expansion in the market for corporate office space in Asia is expected to continue unabated for the next two years. According to research by real-estate adviser CBRE, 45% of companies plan to expand their offices during that period.
- According to the survey, 47% of respondents in the technology, media and telecommunications (TMT) sector plan to increase their office portfolio by more than 10%. Other sectors, including financial firms, also intend to increase their holdings.
- While much of Asia Pacific is expanding, China and India top the list, with Singapore in third place.
The article also said “another factor helping to increase the need for office space is the Belt and Road Initiative (BRI) in China. According to research from Knight Frank, this “will streamline trade flows and lift economic activity in much of Asia, the Middle East,