JLL, Global Real Estate Perspective
JLL published their Global Real Estate Perspective report in November. In the report, they touch upon ‘Work Dynamics’ and how corporate occupiers are being forced to adjust to fluctuating patterns of COVID. Due to this, they claim organisations “will need to be flexible, agile and above all, adaptable to shifting demands to facilitate their ongoing transformation”. JLL firmly believe hybrid working models are here to stay and that there will be no return to the old ‘normal’.
The report also acknowledges that overall sentiment and activity in office markets across the globe are improving “although at differing speeds”. Q3 global leasing volumes are 39% higher than a year ago but are still down 25% on Q3 2019. Recovery is underway, but far from over.