Five key real estate priorities for Asia Pacific companies, and what this means for the post-pandemic office of the future
By Luke Moffat, Regional Managing Director and Head of Advisory & Transaction Services, Asia Pacific at CBRE, and Ada Choi, Head of Occupier Research & Data Intelligence and Management, Asia Pacific at CBRE
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As more Asia Pacific markets change their policies to live with Covid-19, companies too are adapting their real estate strategies to prepare for a new way of working in the post-pandemic era.
1) Adopting Flexible Working as the New Normal
Companies are displaying a clear shift towards embracing real estate strategies that recognise that Covid-19 is here to stay, with the most significant policies being the adoption of flexible work and new workplace policies to facilitate this change.
The most prevalent flexible working model in Asia Pacific is ‘guided hybrid working’, defined as a mix of office-based and remote-based work, and governed by a clear set of corporate guidelines and policies. In Asia, many companies are also seeking to adopt ‘Just-in-case hybrid working’, which involves an office-first model but allows employees to work remotely if needed, rather than a regular split between home and office.