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ASIA PACIFIC MILLENNIALS:
SHAPING THE FUTURE OF REAL ESTATE

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Millennials comprise 25% of the total workforce population in Asia Pacific, but remain a largely misrepresented socio-economic demographic. To better understand this emerging superclass and their influence on commercial real estate, CBRE Research polled over 5,000 millennials across Asia Pacific about their live, work and play ambitions to frame the report.

The research project identifies major trends shaped by millennials, addressing issues including why millennials are living with parents longer, what millennial employees want in employers, what motivates millennial employees in the workplace and how millennial consumers buy and play. The result challenges misconceptions and serves as one of the most authoritative studies ever undertaken on this demographic.

Download


Millennials in Asia Pacific: LIVE



THE EAGLETS ARE
NOT LEAVING THE NEST


63%


of Asia Pacific millennials are
living with their parents


   


MILLENNIALS ARE
"GENERATION RENT"


2⁄3


of respondents not living with their
parents choose to rent


   



Millennials in Asia Pacific: WORK



JOB LOYALTY HIGHER
THAN PERCEIVED


2⁄3


want to work for same firm or
a small number of companies


   


COMMUTING TIME AND
OFFICE LOCATION


are among the top five concerns
when taking a new job.

   


OFFICE DESIGN MATTERS


71%


are willing to give up
other benefits for a
better office environment


   


FOCUS ON WELLNESS


The biggest expectation gap is
in the provision of rest areas
and wellness facilities

   



Millennials in Asia Pacific: PLAY



MILLENNIALS SPEND, MILLENNIALS SAVE


2⁄3


of their income is spent on
leisure while 1/5 is saved


   


SOCIAL SHOPPING


1⁄4


shop offline as a way to
spend time with friends and family

   


PASSION FOR GOING OUT


Millennials spend 9.7 days per month
on dining out and going to live entertainment


   


Millennials in Asia Pacific: LIVE



Millennials in Asia Pacific: WORK



Millennials in Asia Pacific: PLAY


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2016 Asia Pacific Millennial Survey

Download
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Contacts

Dr. Henry Chin
Global Head of Investor Thought Leadership
& Head of Research, APAC
Research
+852 2820 8160
+852 2810 0830
Phil Rowland
Chief Executive Officer
Pacific
+61 2 9333 9388
+61 2 9333 3331
Manish Kashyap
Global President, Advisory & Transaction Services
Advisory & Transaction Services
+65 6326 1220
+65 6225 1987
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