Key facts
- AI could displace 3.9% of office jobs in developed Asia-Pacific economies.
- This displacement is expected to reduce office space demand growth by five percentage points.
- Developed markets include Hong Kong, Singapore, Japan, South Korea, Taiwan, Australia, and New Zealand.
Artificial intelligence adoption is expected to lead to job displacement in developed Asia-Pacific economies, consequently impacting office space demand. Property consultancy CBRE estimates that 3.9% of office jobs in markets such as Hong Kong, Singapore, Japan, South Korea, Taiwan, Australia, and New Zealand are vulnerable to AI-driven automation. This trend could reduce the growth in demand for office space by five percentage points over the next few years. A separate report from the Asian Development Bank Institute noted that while new technologies have boosted employment in East Asia and Pacific countries, the benefits have been uneven, with skilled workers benefiting more than less-skilled workers in routine jobs.