YOU(R) SPACE VIDEO 1

Lee Elliott, global head of occupier research, discusses short term volatilities and sentiment in the global occupier markets with an expert panel in the first of a three part series.

In the first of three instalments of the (Y)OUR SPACE conversation series, we dive deeper into the evolving landscape of workplace strategy in 2023 and beyond. Lee sits on a team of expert panellists, including Alison Rankin, global head of workplace services, Schroders, and Philip Cohen, category manager, Securitas, to discuss the future of corporate real estate.

Hosted by James Bartolo, Global Portfolio Solutions EMEA, the panel discusses the future of corporate real estate, and sentiment within the sector as post-Covid strategies continue to evolve.

Video - A look back at 2022

Global corporate real estate sentiment

At the start of 2022 NL real estate | Knight Frank put together a global corporate real estate sentiment index which revealed that sentiment declined quarter on quarter, although stabilisation is expected in early 2023. Lee explains how the macro-economic environment played a big part in these responses as global economic growth began to fall away last year.

Flexible workspaces

A uniform approach to managing complexity is no longer possible, which means that global occupier strategies are still adapting. Occupiers are now having to identify the right balance between flexibility and control. Many companies are focusing on creating a flexible workplace which gives employees the ability to choose where and how they work.

The shift in occupier markets has created a new set of challenges for landlords and developers. Companies are now more likely to negotiate leases and other agreements on a deal-by-deal basis, and are more likely to look for shorter-term leases. This is creating an increased need for landlords and developers to be more agile and responsive to changing market conditions.