According to Savills World Research, office occupancy rates in Asia Pacific are the highest in the world at 88%. In contrast, Europe and North America occupancies are below 60% with major US cities such as San Francisco and Los Angeles still below 50% occupancy. Why the big difference between Asia Pacific and the West? What does this mean in terms of the office property sector? Alan Cheong, Executive Director, Research & Consultancy, Savills Singapore, offers his views. 

 

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