APAC corporates less likely to feel long-term impacts of COVID-19 pandemic, says Knight Frank
Businesses in Asia-Pacific (APAC) are less likely to feel the long-term impacts of Covid-19 on their real estate portfolios, with only 14% expecting the pandemic to permanently alter their real estate strategies, according to Knight Frank’s global (Y)OUR SPACE 2021 survey, which features almost 400 international businesses with a combined headcount of over 10 million, providing an insight into the workplace strategies and real estate needs of global companies.
There is a contrast between APAC and overall global corporate real estate attitudes, with 17% more APAC businesses likely to increase real estate portfolios and 18% fewer APAC businesses likely to decrease their global portfolios compared to their global counterparts.
