JLL’s latest global real estate perspective report flags a number of headwinds that are driving greater uncertainty and low sentiment across sectors. For the office market, although leasing volumes increased 20% compared to last year, momentum overall has slowed.
The report includes an interactive graph comparing rental change across global cities and a short trend prediction for the office sector. Short-term, JLL predicts that uncertainty will decrease momentum in the market, while long-term, flexible and hybrid working considerations will impact real estate decision making. They also flag flexibility and quality as two pressure points for landlords as they seek to meet tenant demands.