{"id":8250,"date":"2020-05-26T15:06:34","date_gmt":"2020-05-26T08:06:34","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=8250"},"modified":"2021-06-04T15:00:15","modified_gmt":"2021-06-04T08:00:15","slug":"demand-for-workspaces-will-evolve-as-covid-19-reshapes-corporate-needs","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/demand-for-workspaces-will-evolve-as-covid-19-reshapes-corporate-needs\/","title":{"rendered":"Demand for workspaces will evolve as COVID-19 reshapes corporate needs"},"content":{"rendered":"<p><span class=\"TextRun SCXW125022660 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW125022660 BCX0\">From office expansions to flexible <\/span><\/span><span class=\"TextRun SCXW125022660 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW125022660 BCX0\">workspaces<\/span><\/span><span class=\"TextRun SCXW125022660 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW125022660 BCX0\"> to remote working options<\/span><\/span><\/p>\n<figure id=\"attachment_8251\" aria-describedby=\"caption-attachment-8251\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-8251\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/05\/shutterstock_227942401.jpg\" alt=\"\" width=\"1000\" height=\"711\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/05\/shutterstock_227942401.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/05\/shutterstock_227942401-300x213.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/05\/shutterstock_227942401-768x546.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-8251\" class=\"wp-caption-text\">Modern office with windows and nighttime city view. ImageFlow\/Shutterstock<\/figcaption><\/figure>\n<p>Since the pandemic has encouraged the public to practise social distancing and to abide by health and safety protocols, business leaders must now re-evaluate how their team can effectively and efficiently operate in a traditional office space, reported global property consultant <a href=\"http:\/\/jll.co.th\" target=\"_blank\" rel=\"noopener noreferrer\">JLL<\/a>.<\/p>\n<p>According to their findings, some CEOs are thinking of modifying the space as soon as their lease expires or even before.<\/p>\n<p>\u201cThe current situation poses disruption and challenges for the office sector. The way people view and use corporate real estate will change. However, we can expect the office to remain at the heart of employers\u2019 occupational strategies in Asia Pacific over the medium-to-long-term,\u201d says Anthony Couse, CEO of JLL Asia Pacific.<\/p>\n<p>As transactions got delayed or cancelled, the volume of leasing activity across the globe dropped to around 22 percent in the first quarter of 2020 compared to a year before. In the Asia Pacific region, the volume also dipped by nine percent quarter-on-quarter and 14 percent year-on-year.<\/p>\n<p><a href=\"http:\/\/asiapropertyawards.com\/en\/asian-investors-search-for-lucrative-property-deals-beneficial-in-a-post-coronavirus-world\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Asian investors search for lucrative property deals beneficial in a post-coronavirus world<\/strong><\/a><\/p>\n<p>Nevertheless, the JLL report said that \u201coffices are here to stay.\u201d They predict that the outbreak would encourage businesses to expand their offices to ensure that their employees have enough space to social distance.<\/p>\n<p>\u201cThe office, as we know it, will evolve. In fact, we have seen clients increasingly focused on sustainability, wellness and technology. Some have begun making environmental tweaks and upgrades to align with commitments of building trust and ensuring fit-for-purpose spaces. Owners and investors who can take advantage of this opportunity to think about long-term redevelopment plans and designing or re-fitting their facilities will benefit greatly,\u201d added Anthony.<\/p>\n<p>Meanwhile, other companies will allow some employees to continue working from home or use third-party operators to enable a more flexible workplace setup, particularly for those who don\u2019t have enough space to expand their current offices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From office expansions to flexible workspaces to remote working options<\/p>\n","protected":false},"author":9,"featured_media":20589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[388,847,219,846],"class_list":["post-8250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-commercial-real-estate","tag-flexible-offices","tag-offices","tag-workspaces","news_country-asia-pacific","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Demand for workspaces will evolve as COVID-19 reshapes corporate needs | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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