10 Key Findings
1. Acquisition of talent is the single greatest challenge facing technology occupiers, ranking far ahead of other constraints.
2. India and China offer the greatest potential in Asia on a ten year view, representing 56% of all positive responses expressed about particular markets. More surprisingly, mature Japan ranks third.
3. The technology companies that we interviewed consider China and India as the most important sources of talent, in particular Beijing/North China, followed by Shanghai/East China and Bangalore in India.
4. Leasing of additional office space and use of flexible working space account for 92% of expressed preferences about future options for expansion. However, one successful Chinese company has a clear preference for self-building and owner occupation.
5. Opinion is widely split about the best location for office and manufacturing facilities over the next five to ten years. The CBD fringe remains in the lead, but many occupiers prefer the core CBD, business parks and campus facilities.
6. Gen Y/millennial staff are the largest or joint largest age group for two-thirds of the occupiers in our study.
7. The top three technology requirements of technology occupiers are high-speed internet, followed by secure servers and remote server access, which highlights location impacts.
8. The proportion of staff working outside company facilities varies all the way from almost zero to 90%, although the most common category is 10-30%. Certain companies believe that physical presence in the workplace is vital to collaboration and R&D, and so are happy for the proportion to be low.
9. By far the most common form of travel to the workplace is public transport. However, travel by car is still surprisingly important overall, accounting for 25% of expressed preferences about mode of transport for staff.
10. Technology occupiers regard public transport as the most important surrounding amenity for their workplaces, with restaurants, bars and shops in close second place. Car parking is also quite highly ranked - in Asia, at least, it seems the age of the automobile is not yet over.