A new Labour government, shifting US trade policies and ongoing global conflicts are creating uncertainty for business real estate.
Organisations are seeking cost-effective office solutions that adapt to their requirements. A question that many find themselves asking is whether existing office space can be adapted to meet future needs, or do they need to move?
In collaboration with Markettiers, we surveyed over 500 UK senior decision-makers to understand their perspectives on future office opportunities and concerns.
Expert comment
We’ve also explored businesses’ attitudes towards tackling environmental and social issues through their office space, and whether employees are spending more time working in the office or at home.
“It is a widely accepted fact that property costs are one of the largest expenses for any business, alongside the employment costs.
“In more recent times it has become evident that any business can utilise its property to reduce costs, improve productivity and talent attraction, and open up different funding options.”
- Will Scott, Partner, Real Estate
Key Findings:
- More businesses are looking to expand their office space in the next 12 months than to reduce it.
- More businesses are choosing to re-collaborate existing space rather than relocate.
- More people are going back into the office to work, with numbers expected to grow further.
- In the current economic climate, cost is a primary factor in defining a property strategy, including implementing change to reduce the environmental impact of the office.
- Attaining net zero is not a goal in its own – it is a pathway linked to cost reduction.
