CBRE estimates AI job displacement will trim Asia-Pacific office demand growth by five points
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CBRE says AI-driven job displacement could reduce office space demand growth across Asia-Pacific by five percentage points over the next few years.
The property consultancy's report, released Thursday, attributes this to a mild displacement of jobs as companies expand their use of AI.
CBRE says 3.9% of office jobs in developed markets, including Hong Kong, Singapore, Japan, South Korea, Taiwan, Australia and New Zealand, are vulnerable to AI displacement. In developing markets, including mainland China, India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam, the figure is 1.7%.
Written by AI from the articles below · updated Oct 15, 3:00 AM ET
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- South China Morning Post · TechNewsAI job losses set to rein in office demand in developed Asia-Pacific economies
AICBRE says AI-driven job displacement could trim five percentage points off office space demand growth across Asia-Pacific in the next few years. In a report released Thursday, it found 3.9% of office jobs in developed markets, including Hong Kong, Singapore, Japan and Australia, are vulnerable to AI displacement, compared with 1.7% in developing markets such as mainland China, India and Vietnam.
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