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Work from home future fades in Asia as companies seek more office space

The firm surveyed 109 companies across the region from industries including real estate, technology and finance between May and June

Photo: Bloomberg
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Photo: Bloomberg

Shawna Kwan | Bloomberg
As the pandemic rages in Asia, offices are making a comeback.

More companies based in the region expect they will need to increase office space in the near future, according to a survey conducted by CBRE Group Inc.

The study found that 66 per cent of Asia-based firms expect to add space in the next three years, up from only 28 per cent in October. By contrast, only 35 per cent of multinational companies see their office portfolios growing over the period.

The divergence suggests that once the pandemic fades, more Asian companies are likely to maintain traditional working arrangements

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First Published: Jul 22 2021 | 11:36 AM IST

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