Predictions for 2022: Brace yourself (part twenty-three)

Bradley Baker, CEO of CO-RE, has worked in the central London office market for over 30 years and specialises in London occupiers. He offers his predictions for 2022 after two years of unprecedented challenges faced by real estate:

The ‘lines’ between work and home life will continue to blur, but our occupier research firmly indicates that we will see a further shift away from the WFH mindset, with people returning to the office, where they can achieve their personal, social and work-related goals.

Large pre-lets, particularly for aspirational space with character and strong transport connectivity (for example Crossrail in 2022) will continue to be a market feature as occupiers compete for the best environment for their employees, which will drive rents up accordingly. Occupiers will increasingly promote their brand values via their real estate strategy to assist them with retaining and attracting the best talent.

Investors, occupiers and developers such as CO-RE will see their mutual interests increasingly aligned as we all seek to be involved with high-quality, aspirational office buildings that have strong ESG credentials and that offer character and an invigorating working environment.

You can read the full article here.