CBRE: Coming back into alignment
- Apr 1
- 1 min read
Continuing on our theme of exploring risk in the office market we found CBRE's latest research insightful. The report suggests that the "structural shifts causing white collar employment to disengage from office occupancy between 2011 and 2022 have concluded, resulting in a renewed connection between employment and occupancy/net absorption."
The findings are however qualified by CBRE's planned deep dive into AI -
While our analysis indicates that positive employment growth in the future will result in a higher rate of office space demand and absorption than seen over the past 15 years, office based employment growth in itself has become a significant topic with the advent of generative and agentic AI, its increasing capabilities,and increasingly widespread adoption. The eventual impact of artificial intelligence on the white-collar labour market is subject to considerable debate. CBRE New Zealand Research is preparing a separate,forthcoming report analysing AI’s impact on the New Zealand employment market, particularly within the office using industries through a deeper dive to reconcile contrasting trends and opinions.
