Asia Pacific remains a key growth market for multinational companies but the economic slowdown has ushered in a period of more cautious business expansion. The changing environment is necessitating the formulation of more complex and sophisticated corporate real estate strategies.
To meet this challenge, regional corporate real estate executives are taking a far more strategic role in helping their organisations to improve financial and operational performance.
This is being achieved by focusing on cost, through a combination of flexible lease terms and better space utilization, and fostering talent by selecting locations with strong public transport links and amenities, and designing engaging spaces with more common and collaborative areas.
A more centralised management structure would also enable CRE executives to benchmark their performance against competitors and deal effectively with different suppliers.