APAC is moving back to office working; complementary rotation-based and remote working will support lower office density
Most APAC countries have made good progress toward controlling COVID-19, and so we expect a steady return to normal working to continue. Occupiers in APAC should not be concerned by the UK government’s new advice that favours working from home. We note:
- Office occupancy across APAC stands at about 50%, with several markets at 100%.
- The cautious Singapore government has approved a 50% return to the office.
- Melbourne is the only big APAC city with 0% occupancy, but restrictions look set to ease.
In our view, the office is integral to the future of work, and home working will complement office work, not replace it. If they are not already doing so, occupiers in APAC should be planning for a resumption of office working.