1. A steady recovery is underway
With many markets succeeding in containing the pandemic and relaxing restrictions on business and social activity to some degree over the past six months, this year has seen a significant improvement in business sentiment across Asia Pacific.
About 71% of survey respondents believe current business conditions are improving, marking substantial progress from the two surveys CBRE conducted in October and April 2020.
The unpredictability of infection rates will continue to weigh on the pace of the regional recovery for the foreseeable future.
How would you describe your company's current business conditions?
Apr 2020
Oct 2020
May 2021
Better
About the same
Worse
22%
27%
51%
48%
40%
12%
71%
19%
10%