According to CLI’s six-page research report titled Tracking AI’s impact on offices and business parks in Apac, AI is “unlikely to reduce the relevance of physical workspace across Apac any more than Covid-19 did, but it will reshape its purpose and value”.
Artificial intelligence (AI) is redistributing jobs, not eliminating them, says CapitaLand Investment (CLI). This is set to change how tenants occupy offices and business parks in Singapore, India and China — assets that are found in the portfolios of CLI’s stable of Singapore-listed REITs, particularly CapitaLand Integrated Commercial Trust (CICT), CapitaLand Ascendas REIT (CLAR), CapitaLand India Trust (CLINT) and CapitaLand China Trust (CLCT).
Based on CLI’s engagement with occupiers across the three markets, the emerging pattern is “not a broad-based contraction, but a redistribution of demand”.
