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Nearly one-fifth of surveyed companies in the Asia-Pacific region believe wider adoption of artificial intelligence will reduce their real estate needs, a new study by CBRE has found.
More than half – 56 per cent – held a neutral view, believing either that AI had no impact on office space demand or that it was too early to determine its effect, according to the property consultancy’s poll of corporate real estate executives in the region.
The remaining 25 per cent said AI adoption would require them to expand their office footprint.
The survey was conducted between May 26 and July 10 across nine markets, including Hong Kong, mainland China, Singapore, Japan, Australia and India. It received 651 responses, with those from the mainland and India weighted more heavily to “reflect those markets’ share of Asia-Pacific grade A office stock”.
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