Colliers APAC The Future of Office

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Setting The Scene For Post COVID-19 Office Growth

  • The effects of COVID-19 have raised fundamental questions for the office sector, including new approaches to space utilisation, the reassessment of premises strategy and the nature and scale of office demand, combined with the implications for rents and capital values.
  • Major changes are already taking place and a key question is whether these will be in place for the short term or whether we are seeing structural shifts that will persist going forward.

In this report, we examine four key areas central to the office sector's future in the context of nine core APAC Grade A office markets.  

  • The Pandemic's Effect On Office Fundamentals - How will COVID-19 recession affect key office sector metrics including vacancy, rental rates and supply - both now and going forward? 
  • The New Office Space - How will COVID-19 change the office landscape and what are some key factors that will drive space utilisation in the near and long term? 
  • The Evolution Of Flexible Workspace - How will coworking firms and flexible workspace operators respond to current market conditions and which business models could prevail?
  • Investor Sentiment In Uncertain Times - What are the implications for office investment and to what extent could there be a lasting correction in sales volume and asset pricing? How could this affect investor strategy? 

Find the link to download and view the report below, or CLICK HERE to view more Colliers Insights.

  


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Colliers APAC The Future of Office

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Chris Dibble

National Director | Colliers Partnerships, Research & Communications

Auckland CBD

My Colliers Partnership priorities focus on support initiatives that drive collaboration, best practice learning, cost efficiencies and growth opportunities across the wider Colliers International New Zealand franchise network. I also oversee the collaboration and delivery of award-winning research reports and communications for Colliers. With over 13 years of experience and university qualifications in economics, geography, marketing and property. I have a multi-disciplinary approach that assists a broad range of clients and internal stakeholders. I am a regular presenter and market commentator, often discussing the latest insights on current and future property trends. I also work with in-house and external writers to curate an audience-focused content delivery strategy for Colliers.

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Richard Kirke

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Richard is responsible for the promotion of New Zealand property to international investors, leveraging of his relationships developed in executive positions during his near 8 years in Hong Kong, as well as assisting to grow the company’s nationwide Rural and Agribusiness agency capability.

Richard began his real estate career in 2004 with CBRE, in the five years he spent with them (before leaving to run Colliers Hong Kong business in 2008) he was involved in many notable transactions including the sale of the Lion Nathan site in Newmarket for $162m, the sale of the GE & BNZ Britomart properties on behalf of Manson’s to the German fund HIH and portfolio sales, including the successful auctioning of 16 National Bank Branches across New Zealand.

During his time as MD of Colliers Hong Kong he was involved in the sale of 50 Connaught Road on behalf Apollo Group (a New York based Hedge Fund) to the Agricultural Bank of China for $US632m.

Richard was the Managing Director of Colliers Hong Kong office for six years from 2009-2014. During this time he was an active participant in several high value transactions and developed broad relationships with both Asian investors and colleagues across the region.

In late 2014, Richard agreed to run CBRE’s Asia Pacific Capital Market business, including their Capital Advisory (Real Estate Investment Banking) business, this further added to his knowledge of real estate investors, particularly in greater Asia.

As a senior executive of Colliers for 6 years in Hong Kong, Richard has strong personal relationships with Colliers personnel across the globe.

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Ian Little

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My Colliers partnership priorities focus on supporting the New Zealand franchise network through the provision of research and thought leadership reports, articles and presentations. I draw on over 30 years of experience in the property market, gained in both the UK and New Zealand to my role enabling me to assist a broad range of clients and internal stakeholders. I am a member of the Royal Institution of Chartered surveyors. I am a regular presenter on current market conditions and future trends to the media, clients and various interest groups.

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Adrian Goh

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Adrian conducts and prepares market research reports covering commercial and residential sectors across New Zealand. Alongside this, he actively manages a range of Colliers’ proprietary databases used in providing data-driven solutions for clients and  Colliers’ award-winning research reports. Coming from an academic background in finance and commercial law, Adrian has a unique approach in conducting market macro and micro economic analysis. Prior to joining Colliers, Adrian worked as an assistant valuer assisting with property and plant and machinery valuations at Beca Group.

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