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Reworking the office Reworking the office

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REWORKING the Office Asia Pacific

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Quick facts  |  Cost  |  Carbon  |  Culture  |  Community

Is it time to start reworking your real estate strategy?

 

Considerations for a corporate occupier of real estate

The office sector is currently going through global structural change as organisations seek to adapt their physical spaces to new ways of working and adjust their corporate real estate decision making.  Our ‘REWORKING’ series examines decision-making for occupiers under four key considerations: Cost, Carbon, Culture and Community – under which the changing demands, needs and impacts on office spaces and strategies can be examined.

Find your local office sector experts by selecting your country below:

 

Quick Facts

  1. Economy | The macro-economic environment you’re operating in and the impact it has on your budgets, requirements and outcomes
  2. Location | what aligns with your cultural, operational and cost requirements?
  3. Space | How much do you need according to your workforce and work-model e.g. Hybrid, WFH, Office
  4. Lease Structure | What’s currently market-standard, what can you benefit from, what is important to you?
  5. Market Cycle | Are you in an under or over-rented market, and how can you make it work for you?
     

  1. Building Selection and Landlord Partnership | The right building can greatly assist you in achieving your sustainability goals, while the wrong choice can significantly hold you back.  Look to align your goals with the building and landlords commitment to ESG – the assets level of accreditation provides a great indicator on whether your goals align.
  2. Accreditation | Gain accreditation for your fit out design to ensure it meets best-practice and reflects your ESG values
  3. Green Spaces | The health benefits to employees has been well documented and proven, look for opportunities in outdoor areas, including rooftops or lobby spaces.
  4. Employee-led initiatives | Foster engagement from your workforce in establishing recycling, waste reduction, or sustainable supplier initiatives.
  5. Health and Well-being Focus | Consider Mental Health Support, Fitness and Nutrition Programs, as well as physical workplace enhancements (e.g. standing desks, natural lighting, Quiet and Relaxation Areas)

  1. How you approach wellbeing | Employees want to work for a company that cares about them, both physically and mentally.  What initiatives are in place?  What flexibility do you offer?  What physical spaces and strategies are in place to retreat, focus or socialise?
  2. Flexibility | Do you offer WFH or hybrid-working?  Do you encourage a strong work/life balance.  Do you see me as a person, not just as an employee?
  3. Community / Connection | Are there opportunities to connect with others across the business to learn and grow? Are there regular social initiatives or ways to interact with the wider business, other tenants in the building or surrounding community?
  4. Location and amenities | Where is the office situated?  Is it easy to get there, does it have good places nearby to eat, socialise, work-out, shop?
  5. Compensation and career opportunities | Is my salary competitive?  What benefits are offered?  Is there room to grow?  Are there good mentors and ways to advance my career?

  1. Work communities – The community you establish within your own organisation is the essence of your culture.  People thrive off connection, which has increasingly become harder to foster as a result of hybrid working models.  With human connection more critical than ever, the war on talent will be won by companies that manage to cultivate an engaged and dynamic community within their own 4 walls.
  2. Social Communities – People used to come into offices because they had to. Now people come into town to work, but also to engage in the broader spectrum of activities that city centres offer. In this context external amenity and places to build meaningful communities with others becomes an important component of the office worker’s value proposition.
  3. Entrepreneurial Communities – The strength of a business comes through a connected ecosystem of suppliers, customers and competitors. Entrepreneurial communities focus on small or start up, creative, technology and science-based occupiers.  This dynamic environment relies on a high volume of shared information, transferable labour and mutual support. 
  4. Temporal Communities – Not all communities need to be enduring. Experience or project specific communities can drive value as a catalyst for innovation or regeneration. Modern placemaking strategies address this through the creation of ‘meanwhile uses, pop-ups’ and other activation activities.  This helps to give a sense of place, providing hints to the future brand of the location, and to provide a social nexus for local communities to engage in otherwise forgotten and excluded spaces.
  5. Regenerative Communities – As uses shift and places take on new purposes, the galvanisation and custodianship of new communities generate both economic and social benefits.  This transformation is already underway globally, where we’re seeing secondary assets being repurposed for residential uses.  As master developers take longer term custodianship roles with ongoing responsibility for the sites they deliver, and as they are judged by their own stakeholders on ESG criteria, well considered investments in placemaking and community creation will be critical.
 

Contacts

Anshul Jain
Anshul Jain

Chief Executive - India, SE Asia & APAC Tenant Representation
Singapore, Singapore


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Cameron Ahrens
Cameron Ahrens

Managing Director, Head of GOS, APAC
Singapore, Singapore


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Tom Gibson
Tom Gibson

Head of PDS, Asia Pacific
Singapore, Singapore


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Carol-Wong-01_Headshot_Regional
Carol Wong

Executive Director
Singapore, Singapore


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Dominic-Brown_Headshot_AP
Dominic Brown

Head of International Research, Global Think Tank
Brisbane, Australia


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Cost

Maps of office rents in France by metro station vignette_750x456.jpg
Research

Maps of office rents in France by metro station

For the 10st consecutive year, Cushman & Wakefield publishes its maps of rental values for office space by metro station in Paris, Lyon and Marseille. For each metro station, these values correspond to the average rental values for offices >100 sqm available immediately and in 2025. These values exclude charges and taxes and are weighted by surface area.
Pascale Philippe • 04/12/2024
Discount-Rate_The-Key-Assumption-of-Property-Valuation.jpg
Insights • Valuation

Discount Rate: The Key Assumption of Property Valuation

The discount rate is the rate of return that an investor expects to receive from investing in a particular asset, taking into account the risk and opportunity of the investment.
Tatchada Supakornpichan • 28/11/2024
APAC Marketbeat
MarketBeat

Sydney MarketBeat Reports

Cushman & Wakefield's Sydney MarketBeat reports analyse quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
30/09/2024
Perth
MarketBeat

Perth MarketBeat Reports

Cushman & Wakefield's Perth MarketBeat reports analyse quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
30/09/2024
Where do property values go from here
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Where Do U.S. Property Values Go From Here?

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Kevin Thorpe • 24/08/2022
Turnkey office
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Value of the Office 2.0

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Sophie Schuller • 26/10/2021
reworking-lease-expiries-card.jpg
REWORKING LEASE EXPIRIES

Are you paying too much or too little rent? We give occupiers a view on whether they have positive or negative rental exposure in the prevailing market conditions, to help prompt subsequent action and potential cost-savings.

Download

Leasing Guidelines
LEASE GUIDELINES

A concise guide looking at lease terms and conditions across 12 key markets in Asia Pacific.

Download

Lease Disposition Guidelines
LEASE DISPOSAL GUIDELINES

It is challenging to dispose of excess or unwanted space in most markets, but there are ways around it. In this short guide, we look at lease disposal options in China, Hong Kong, Singapore and South Korea.

Download

fit out guide
OFFICE FITOUT COST GUIDE

Whether it’s a basic, collaborative, or advanced hybrid fit out requirement, this guide, compiled by our Project & Development Services team, serves to assist you in defining your capital planning and relocation budgets.

Learn more

Maps of office rents in France by metro station vignette_750x456.jpg
Research

Maps of office rents in France by metro station

For the 10st consecutive year, Cushman & Wakefield publishes its maps of rental values for office space by metro station in Paris, Lyon and Marseille. For each metro station, these values correspond to the average rental values for offices >100 sqm available immediately and in 2025. These values exclude charges and taxes and are weighted by surface area.
Pascale Philippe • 04/12/2024
Discount-Rate_The-Key-Assumption-of-Property-Valuation.jpg
Insights • Valuation

Discount Rate: The Key Assumption of Property Valuation

The discount rate is the rate of return that an investor expects to receive from investing in a particular asset, taking into account the risk and opportunity of the investment.
Tatchada Supakornpichan • 28/11/2024
APAC Marketbeat
MarketBeat

Sydney MarketBeat Reports

Cushman & Wakefield's Sydney MarketBeat reports analyse quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
30/09/2024
Perth
MarketBeat

Perth MarketBeat Reports

Cushman & Wakefield's Perth MarketBeat reports analyse quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
30/09/2024
APAC Marketbeat
MarketBeat

Melbourne MarketBeat Reports

Cushman & Wakefield's Melbourne MarketBeat reports analyse quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels
30/09/2024
Where do property values go from here
Research

Where Do U.S. Property Values Go From Here?

Part Two: Scenarios & Implications for CRE
Kevin Thorpe • 24/08/2022
Turnkey office
Insights • Workplace

Value of the Office 2.0

Whether you are a millennial or a baby-boomer; based in London or Lithuania, the pandemic is likely to have had some emotional or psychological impact on you.
Sophie Schuller • 26/10/2021
how-to-retrofit
HOW TO RETROFIT: ASIA PACIFIC

Retrofitting is the least capital-intensive way to make our existing buildings smarter and more efficient in order to reduce carbon emissions. How to Retrofit is our three-step program that will guide you through how to retrofit your property and create efficient portfolios

Download

How to green the brown
OUR SUSTAINABILITY SERVICES

Sustainability has become not only a priority, but a mandate for many companies. As one of the top global real estate services providers, Cushman & Wakefield is leading the way in Asia Pacific to drive responsible business practices in the property industry.

Learn more

https://audioboom.com/posts/8356622-rethinking-the-office-sector-is-sustainability-causing-obsolescence
IS SUSTAINABILITY CAUSING OBSOLESCENCE?

Gordon Marsden considers how ESG impacts different investor profiles, and Mika Kania shares some sustainability solutions available to each.

Learn more

Maps of office rents in France by metro station vignette_750x456.jpg
Research

Maps of office rents in France by metro station

For the 10st consecutive year, Cushman & Wakefield publishes its maps of rental values for office space by metro station in Paris, Lyon and Marseille. For each metro station, these values correspond to the average rental values for offices >100 sqm available immediately and in 2025. These values exclude charges and taxes and are weighted by surface area.
Pascale Philippe • 04/12/2024
Discount-Rate_The-Key-Assumption-of-Property-Valuation.jpg
Insights • Valuation

Discount Rate: The Key Assumption of Property Valuation

The discount rate is the rate of return that an investor expects to receive from investing in a particular asset, taking into account the risk and opportunity of the investment.
Tatchada Supakornpichan • 28/11/2024
APAC Marketbeat
MarketBeat

Sydney MarketBeat Reports

Cushman & Wakefield's Sydney MarketBeat reports analyse quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
30/09/2024
Perth
MarketBeat

Perth MarketBeat Reports

Cushman & Wakefield's Perth MarketBeat reports analyse quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
30/09/2024
APAC Marketbeat
MarketBeat

Melbourne MarketBeat Reports

Cushman & Wakefield's Melbourne MarketBeat reports analyse quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels
30/09/2024
Where do property values go from here
Research

Where Do U.S. Property Values Go From Here?

Part Two: Scenarios & Implications for CRE
Kevin Thorpe • 24/08/2022
Turnkey office
Insights • Workplace

Value of the Office 2.0

Whether you are a millennial or a baby-boomer; based in London or Lithuania, the pandemic is likely to have had some emotional or psychological impact on you.
Sophie Schuller • 26/10/2021
Proptech
REWORKING PROPTECH

Rapid advancements in technology continue to transform buildings and workplaces, promising productivity, connectivity and sustainability. In this paper, we explore pathways for owners and occupiers to find best-fit solutions to support their workplace vision and long-term business case.

Download

team working at a table
WHAT OCCUPIERS WANT

What are your peers saying? What’s keeping other occupiers of office real estate up at night? Highlights from this year’s What Occupiers Want report include perspectives on workplace design, global talent recruitment, flexible work and changes to real estate portfolios.

Download

Reworking the workplace
REWORKING THE WORKPLACE

Follow our UK series of weekly blogs and podcasts focusing on some of the most innovative developments in workplace strategy, researched from over 50 leading global companies.

We are also excited to announce the release of our new book, ‘Reworking the Workplace with RIBA.

Learn more

Maps of office rents in France by metro station vignette_750x456.jpg
Research

Maps of office rents in France by metro station

For the 10st consecutive year, Cushman & Wakefield publishes its maps of rental values for office space by metro station in Paris, Lyon and Marseille. For each metro station, these values correspond to the average rental values for offices >100 sqm available immediately and in 2025. These values exclude charges and taxes and are weighted by surface area.
Pascale Philippe • 04/12/2024
Discount-Rate_The-Key-Assumption-of-Property-Valuation.jpg
Insights • Valuation

Discount Rate: The Key Assumption of Property Valuation

The discount rate is the rate of return that an investor expects to receive from investing in a particular asset, taking into account the risk and opportunity of the investment.
Tatchada Supakornpichan • 28/11/2024
APAC Marketbeat
MarketBeat

Sydney MarketBeat Reports

Cushman & Wakefield's Sydney MarketBeat reports analyse quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
30/09/2024
Perth
MarketBeat

Perth MarketBeat Reports

Cushman & Wakefield's Perth MarketBeat reports analyse quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
30/09/2024
APAC Marketbeat
MarketBeat

Melbourne MarketBeat Reports

Cushman & Wakefield's Melbourne MarketBeat reports analyse quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels
30/09/2024
Where do property values go from here
Research

Where Do U.S. Property Values Go From Here?

Part Two: Scenarios & Implications for CRE
Kevin Thorpe • 24/08/2022
Turnkey office
Insights • Workplace

Value of the Office 2.0

Whether you are a millennial or a baby-boomer; based in London or Lithuania, the pandemic is likely to have had some emotional or psychological impact on you.
Sophie Schuller • 26/10/2021
Dignified access
DIGNIFIED ACCESS

In our Dignified Access paper and checklist, we address the critical importance of providing equal access to individuals with disabilities or special needs within the workplace. It highlights the numerous benefits of ensuring a barrier-free workplace, including enhanced productivity, employee satisfaction, and attracting and retaining diverse talent.

Learn more

edge8Neurodiversitywebcard
WORKPLACE DESIGN FOR THE NEURODIVERSE

Inclusive design—though well-intended—isn’t always inclusive enough. Considering the many ways in which a neurodiverse population experiences physical space—and designing for those diverse experiences—puts us on a clearer path to creating less stressful, more supportive places to work.

Learn more

How the future works (image)
WORKPLACE EXPERIENCE SURVEY

Let data establish your Reason for The Office with tangible actions to improve the workplace experience.

Download

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