AI job losses set to rein in office demand in developed Asia-Pacific economies: report

A report by property consultancy CBRE suggests that the increasing use of artificial intelligence in developed Asia-Pacific economies will lead to a decrease in office space demand. This is due to job losses, with 3.9% of office jobs in these markets, including Hong Kong, Singapore, and Japan, being vulnerable to displacement by AI. The impact on office space demand will be significant, trimming five percentage points off growth in the next few years. This shift could have major implications for the property market in these regions.

Why it matters

The use of AI is expected to displace jobs, which would lead to reduced demand for office space. This reduction in demand would have a negative impact on the office space market in developed Asia-Pacific economies.

Market impact

Markets & countries in focus

Transmission channels

Likely winners & losers

Explore the intelligence

MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to South China Morning Post. For information only — not financial advice.