• CBRE APAC Research have been undertaking regular office occupier sentiment surveys since early 2020 to better understand the evolution of corporate occupiers’ thinking around the future of their office portfolio and workplace across the region.

 

  • Where applicable, we have also included results highlighting the differences between the overall APAC result and the responses of Australia and New Zealand participants and results from a similar survey undertaken in October last year to indicate changes in corporate occupier thinking and sentiment over the past eight months.

 

  • In addition, CBRE Research in Australia and New Zealand have also conducted a number of in-depth interviews in the first half of 2021 with large corporate occupiers along similar themes, allowing us to overlay the quantitative regional survey findings with some quality local experience.

 

  • Key highlights on our latest survey of Australia and New Zealand occupiers are as below:
    • Business confidence was steadily improving in Australia and New Zealand before the latest Delta outbreak, but office occupiers remained largely cautious in relation to short-term expansion plans
    • The majority of the corporate office workforce will have hybrid working arrangements, but the latest survey results show a preference shift towards less frequent work away from the office in Australia and New Zealand
    • Workplace flexibility is expected to evolve further with less than 20% of Australia and New Zealand corporate occupiers expecting an assigned workstation environment in their offices by 2023