While short-term views on the current state of CRE are dim, many professionals remain reasonably optimistic when zooming out and looking ahead at the long-term view. In their latest report, PWC highlights the uncertainty that remains for the future of the office as many companies are still figuring out the best working strategy for their employees.
“In the short term, hedging bets often involves reducing office space moderately, renewing leases for shorter amounts of time, and embracing flexible lease strategies such as coworking.”
Key themes from this report:
- Workforce transformation
- Sustainability and climate change
- Deals and capital markets
- Migration to affordable housing
- Infrastructure spending