By essensys Team
Flexible workspace is facilitating evolving real estate portfolios
Instant cites a 58% increase in demand for flex across the US. Since the pandemic new business hubs are emerging in the US outside of the standard hotspot cities. Miami, Tampa and Houston are among these emerging business hubs, which are even outpacing traditional commercial hotspots like New York and San Francisco.
Flexible workspace is an enabler for companies to be creative with their real estate strategies. Instant predicts that flex supply will diversify to stay aligned with changing occupier requirements beyond just the space component, but wellness sustainability and experience as well.Get the full report here.
Top quality space seen as way to encourage office return
Savills published the latest issue of its Prime Office Costs insight. The commentary on the office market is underpinned by quarterly analysis on occupancy costs but elaborates on what this could mean for the office market more widely.
Savills believes that many occupiers, for the first time, are now undertaking analysis of how their employees will use space post-Covid19. They state that “top quality spaces in prime central business districts… are fundamental to encouraging staff to return to the office and attract new talent”.
The Savills Prime Office Costs Index presents a quarterly snapshot of occupancy costs for prime office space throughout the world.Access Savills' latest Prime Office Cost Index here.
Harnessing growth, navigating uncertainty: The recovery of APAC'S economy and commercial real estate outlook in 2022
The 2022 Market Outlook by CBRE Research Asia Pacific is filled with optimism on the recovery of the real estate sector in the region. The report highlights renewed interest in office assets for investors. It states that companies in APAC are utilising workplace redesign to attract and retain talent during this time of the “Great Resignation”. CBRE also predicts that the focus on sustainability and ESG will remain a huge focus for companies in the region as more countries pledge to carbon neutrality between 2030 and 2060. Both occupiers and landlords will be under increasing pressure to comply with sustainability standards and reporting.
“Overall, the outlook is bright for the Asia Pacific real estate market in 2022, with significant growth opportunities across sectors.”
– Henry Chin, Ph.D, Head of Research, Asia PacificRead the report here.
Making hybrid work work: Microsoft’s deep dive into new working dynamics
According to Microsoft we have now reached an inflection point in the lived experience of hybrid work in their latest research: Great Expectations: Making Hybrid Work Work. The report makes it clear how much employees value flexibility and wellbeing, and that these new expectations create an opportunity for organizations to reimagine work-life integration as a win-win.
Our current working climate leaves all parties with one question: what is the role of the office? Business leaders ponder, how do teams build social capital in a digital-first world? The report states that 43% of leaders believe relationship-building is the greatest challenge in remote/hybrid environments, and another 43% of remote employees say they do not feel included in meetings.
“You must design workplaces with enough flexibility to support every employee. A mix of quiet places, collaboration areas, and touch-down locations helps ensure everyone can be connected, engaged, and productive.”
– Michael Ford, CVP of Global Workplace Services, Microsoft
Microsoft’s 2022 Work Trend Index report outlines findings from a study of 31,000 people in 31 countries, along with an analysis of trillions of productivity signals in Microsoft 365 and labour trends on LinkedIn.Read more here.