Optimising your asset for a new era
Despite facing lower risks of obsolescence compared to the US and Europe, the office sector in Asia Pacific is not without challenges. Pressure is starting to build on several fronts including elevated vacancy levels, evolving occupier space requirements and impending government legislation .
Mumbai’s office market, by global standards, remains relatively youthful with prime stock averaging less than 12 years of age, however the city is not without its challenges. High quality health and safety measures and minimum sustainability standards means approximately 13% of stock will require some form of upgrade to meet these higher occupier standards.
Our report takes a deeper dive into the underlying dynamics and drivers across the APAC region’s major markets and provides a roadmap for asset optimisation.
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In our two sister reports, we’ve also analysed the level of risk of office asset obsolescence in the United States and Europe. The findings were stark and highlighted the significant amount of work that lies ahead for landlords in both regions. Access our sister reports below:
