1 minute read time
February 25, 2020
- The coronavirus (COVID-19) outbreak has cast a shadow over the Asia Pacific economy in the opening months of 2020 and poses a downside risk to global growth.
- In the real estate sector, some office occupiers have postponed major leasing decisions, brick-and-mortar retailers are feeling the strain, and general logistics operators are struggling to deliver goods to customers. Many investors have moved into wait-and-see mode.
- This Special Report by CBRE explains how the outbreak has impacted the Asia Pacific real estate sector thus far and identifies several potentially long-term trends that could become a permanent feature of the regional property landscape.
Longer term impacts include:
Office: Accelerated adoption of flexible working, re-evaluation of BCP and new workplace wellness measures
Retail: Greater use of omnichannel strategy and pick-up points
Logistics: Diversification of production bases and integration of automation into logistics operations
Investment: A lower interest rate environment, ensuring prime core assets remain ideal defensive plays