Tackling technology obsolescence a priority for commercial asset owners

Tackling technology obsolescence a priority for commercial asset owners was reported by EdgeProp Singapore on 15 September 2023.

A prominent concern among many commercial real estate asset managers, developers and landlords is the risk that the properties they manage in their portfolio today will be obsolete to investors and tenants five or 10 years down the line, says Thomasin Crowley, global director of Asia Pacific at WiredScore.

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

• News date: 15 September 2023

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Source: EdgeProp Singapore, 15 September 2023