CBRE’s U.S. Real Estate Market Outlook 2023

The office market is currently in a divide between prime and secondary office buildings that will continue to widen in 2023. Demand for the best buildings in attractive locations will support rent growth in top-tier office towers. By contrast, there will be a smaller pool of tenants interested in older office buildings. As hybrid working remains desired, building owners will continue to look for ways to optimize their portfolios.


“We’re going to continue to see technological advancements being used in the office that really helps provide this seamless experience between people who are working in the office and meeting with clients that are in other locations. It’s going to be technology that helps people work together wherever they are. It’s less about me space and it’s more about we space – that’s what we continue to hear. It’s less space for desks, it’s not as much about cafes, it’s really about those meeting rooms and the technology that helps people get work done in a collaborative way.” – CBRE’s Head of Office Research, Jessica Morin


Get the latest information on the current trends and 2023 outlook for the CRE industry.  

The business case for intelligent buildings

Technology is rapidly evolving across the real estate sector, where the market for smart buildings has exponentially grown and is estimated to be worth in excess of US$100 billion by 2025.  


Arcadis’ Intelligent Building Practice have published research which highlights the benefits of intelligent buildings across people, planet and profit. It is no longer a question of ‘how much does an intelligent building cost?’ but ‘how much can my company benefit by working in an intelligent building?

Download the full report. 



Offices with good digital connectivity command higher rent and tackle vacancy – especially the old ones

Analytics firm ‘Moody’s research on digital connectivity’s impact on CRE compares WiredScore certified buildings to non-certified. The study found that offices with better digital connectivity have better leasing performance than those without a digital certification — especially Class-B and C offices.  

Read the full article here.

PWC’s Emerging Trends in Real Estate 2023 Report

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
  • Metaverse


Learn more about the latest emerging trends in PWC’s recent report.

CBRE’s Flexible Office Trends in Life Sciences 2022 Survey

CBRE recently released their Flexible Office Trends in Life Sciences 2022 study, where they surveyed the Life Sciences practice group on their clients’ adoption of flexible office space and flexible lab space.  


Results show that respondents think the biggest obstacles with adopting flexible office space are IT security, data privacy and cultural fit. The survey also shows that the use of flexible office space is expected to increase including findings such as

Check out the full report to learn more about the regional trends and overall research findings. 



Cat A+, the new weapon in a landlord’s arsenal?

Traditionally, a commercial office fit out project would be categorised as either Cat A or Cat B. However, recently, in an attempt to adapt to ever more demanding occupier requirements, a new category has emerged, Cat A+. This new category combines all elements of a Cat A plus added features of a Cat B fitout. Cat A+ becomes what can be also referred to as ‘plug-and-play’ space, ready for occupiers with no delay. 


React News reported on recently published research from RX London & Thirdway Group who looked into market performance of the early Cat A+ space available. 


  • Average Cat A+ unit size = 3.8k sq ft. The largest is 16k sq ft 
  • Compared to Cat A, Cat A+ net effective rent achieved is around 31% higher 
  • Marketing void periods typically halved in length with Cat A+ space 

Read more in the full report. 


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