Many of the biggest corporate employers plan to reduce the amount of office space they occupy over the next three years, underlining the changes set to reshape the commercial real estate market. A Knight Frank poll of 350 real estate leaders at international firms found that half of the largest…
From Bloomberg: A Knight Frank poll of 350 real estate leaders at international firms found that half of the largest companies surveyed those with more than 50,000 staff expect to shrink their global portfolios, with most expecting to shrink by between 10% and 20%.
Connectivity and aspirational lifestyle are fast converting greenfield and redeveloped brownfield projects to aspirational localities in cities. As young users migrate there, real estate returns grow at up to a healthy 10 percent per annum
Integrating environmental, social, and governance elements is the latest survival strategy for operators of leased office buildings, with experts noting that issues remain with post-pandemic workspace changes.