Office occupancy in APAC average 80% compared to 50% in North America: Colliers

Office occupancy in APAC average 80% compared to 50% in North America: Colliers was reported by EdgeProp Singapore on 16 June 2023.

The Colliers’ report states that this difference boils down to varying return-to-office approaches, underlying city functionality, ESG compliance, and market reactions to shifts in inflation and interest rate movements. As a result, this has caused the latest divergence in office investment volumes, pricing and global investment appetite, the consultancy says.

Why this matters for Singapore commercial property

The update adds evidence on office demand, workplace strategy, vacancy and the competitive position of Singapore business districts. The story is relevant to businesses, landlords and investors comparing current market evidence before making leasing or acquisition decisions.

Key takeaways

• Market: Singapore office market

• Location: Singapore

• Reported benchmark: 80%, 50%

• News date: 16 June 2023

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Source: EdgeProp Singapore, 16 June 2023