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Featured Insights

Large corporates with massive real estate portfolios were forced to reassess their work models due to the evolving conditions in 2020. There is an ongoing debate on the efficacy of work models that will pave the way for the future of workspaces – Conventional, Remote or Hybrid, as we already begin to see workforce flocking back to offices with the second wave showing signs of waning.

As we navigate our way through the second wave of the pandemic, the CRE landscape continues to shift for all stakeholders in this ecosystem. While Q2 of 2020 witnessed green shoots of recovery for CRE, Corporate occupiers remain uncertain about long-term workspace plans in 2021 and 2022 and are re-evaluating their office space needs. What does this mean for CRE in the near to long-term and how are developers staying resilient in 2021?

Since April last year, companies globally have been able to sustain operations and maintain growth due to adaptable & agile workforce. The workforce has quickly shifted gears as necessitated by the evolving situations and demonstrated flexibility and resiliency throughout the multiple phases of WFH, back to office and hybrid models in the past 1 year. This distributed, fluid workforce has altered the purpose of office from being a place where work gets done to an employee-centric place where teams collaborate to drive transformations.

The world is changing dramatically, and sustainability is emerging as a driving principle across businesses. The shift to a more environmentally friendly future is changing every aspect of our lives, from our homes to our modes of transportation to the food we eat. Among the numerous industries that are embracing this transformation, workplaces are emerging as key players in promoting environmental awareness. Businesses and workers alike prioritise the environment alongside efficiency, as proven by the rising need for sustainable office spaces.
In today’s dynamic workplace, adaptation and flexibility have emerged as critical components of company success. As businesses change to employee-centric approaches, flexible work spaces are emerging as a preferred solution for increasing productivity, satisfaction, and sustainability.
The modern workplace has evolved dramatically, giving firms numerous alternatives for how and where they can function. From the rise of coworking spaces to the longstanding popularity of traditional offices, the decision between the two is mainly dependent on a company’s individual needs and goals.
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