AI to reshape jobs, but Asia Pacific office demand set to hold firm
KUALA LUMPUR: Artificial intelligence (AI) is expected to moderate office-space demand growth across Asia Pacific, but expanding economies, workplace changes and a shrinking supply pipeline should help keep the market resilient, according to CBRE.
AI is poised to reshape the job market in the Asia Pacific region, but the demand for office space is expected to remain strong, according to CBRE's latest research. Occupied office space across the region is projected to grow by 13% between 2026 and 2030 in a moderate AI displacement scenario, compared to an 18% growth under the base-case forecast.
While only 1.8% of the workforce faces a significant risk of displacement by AI, another 8% is potentially exposed but could adapt through reskilling or transitioning into other roles. CBRE's head of leasing for Asia Pacific, Tom Gaffney, emphasizes that AI should be viewed as a force reshaping jobs and workplace requirements, rather than simply eliminating employment.
Despite these changes, around half of occupiers intend to expand their real estate footprint over the next three years, highlighting the resilience of office demand.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
