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.
Click here for the full report.
