{
  "id": 14626589,
  "title": "AI job losses set to rein in office demand in developed Asia-Pacific economies: report",
  "url": "https://urgent.news/2026/10/15/ai-job-losses-set-to-rein-in-office-demand-in-developed-asia-pacific-14626589",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-15T06:00:11.000Z",
  "source": {
    "name": "South China Morning Post - Hong Kong",
    "slug": "south-china-morning-post-hong-kong",
    "url": "https://www.scmp.com/business/article/3370934/ai-job-losses-set-rein-office-demand-developed-asia-pacific-economies-report"
  },
  "original_language": "en",
  "account": "A new report from property consultancy CBRE projects that the adoption of AI could reduce growth in office space demand by five percentage points in developed Asia-Pacific economies over the next few years. According to the report, 3.9% of office jobs in developed markets in the region - including Hong Kong, Singapore, Japan, South Korea, Taiwan, Australia and New Zealand - are at risk of being displaced by AI. However, only 1.7% of jobs in developing markets such as mainland China, India, Indonesia, Malaysia, Philippines, Thailand and Vietnam are similarly vulnerable. Despite this, CBRE predicts that occupied office space will still grow, albeit at a slower pace of 13% by 2030 compared to their base case projection of 18%. The report's head of Asia-Pacific research, Ada Choi, said that the moderate displacement scenario was a \"downside sensitivity analysis\" rather than a prediction of contraction. The model also excludes the potential upside from new AI-related companies, occupations and business formation. While most Asia-Pacific markets are expected to fall under the moderate displacement assumption, Japan is likely to fall under a slow displacement scenario due to organizational and cultural barriers to change. Mainland China, on the other hand, could fall under a rapid displacement scenario where all vulnerable occupations are automated relatively quickly. The report noted that office employment would continue to expand under a rapid displacement scenario, but only slowly by 2% between 2025 and 2030. One potential stabilizing factor for the office market could be slowing supply, as forecasted annual office completions in 2028 would only represent 3.2% of the estimated stock in the region next year, down from 5.3% before the Covid-19 pandemic. However, the report also highlights that AI could exacerbate market polarization in Hong Kong, with top-tier locations like Central attracting more leasing demand.",
  "summary": "A mild displacement of jobs across the Asia-Pacific region as companies expand their use of AI would trim five percentage points off growth in office space demand in the next few years, according to property consultancy CBRE. In a report released on Thursday it said 3.9 per cent of office jobs were vulnerable to artificial intelligence-driven displacement in developed markets in the region,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "SCMP Business",
        "title": "AI job losses set to rein in office demand in developed Asia-Pacific economies: report",
        "url": "https://urgent.news/2026/10/15/ai-job-losses-set-to-rein-in-office-demand-in-developed-asia-pacific",
        "published": "2026-10-15T06:00:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}