Berwick Partners (an Odgers Berndtson company)’s Post

I love it. Our new Beam offices in #Berlin stimulates my creativity. At that’s what office space should do. I have been strong on this point from the start: older office space will increasingly struggle maintaining occupancy. But high quality space will remain competitive and will continue to see strong rental growth. And this is because the best talent requires it to excel. Therefore: if you are a people driven organization, the direction is clear to me: lead in times of change. CBRE | #cbre | CBRE Germany

Savills has bolstered its commercial agency team in the Golden Triangle hiring Rob Beatson and George Brown from Bidwells as directors in the firm’s Oxford office.

According to figures from JLL, 48% of clients in major markets, including the UK, Germany and France are seeking to decrease their footprints in the next three to five years as a result. According to March 2024 data from workplace research firm Leesman, total space reductions could reach 40% across its global client base of 766 firms. Projected onto central London, if the same proportion of the city's occupiers opt to reduce their footprints, this corporate downsize would be the equivalent to 56.6 million sq ft (5.26 million sq m) of office space. Lots of additional data on the European markets in the article. Freely available with no paywall at all.

Interesting to read The only good thing about our Iberian reality is that we traditionally have bet pretty much mix-used developments (offices/residential) and today we are already converting some low industrial areas into residentials areas (Lofts & Flex Hospitality)

In the post-pandemic era, a prevailing narrative suggests that American downtowns have become less favorable for corporate offices. Learn more about the decision factors and considerations corporate occupiers should think about when deciding to remain or relocate.

Positive growth for the Manchester office market is on the horizon according to the Savills Manchester office market roundup. In the next five years, 8% of people expect GVA growth, and, 7% of people expect office-based employment to increase. You can read the full report here: https://lnkd.in/exzVTW5f #manchester #construction #manchesterdevelopment

The Inland Empire has assembled one of the strongest office markets in the country, boasting the lowest U.S. office vacancy rate for five consecutive quarters. Some highlights👇 • Attractive Fundamentals - Companies are drawn to the region's more affordable homes, robust retail demand, and growing population (271 days of sunshine doesn't hurt either) • Affordability - Lower expenses without compromising quality, businesses see value in the IE • Active Leasing - The IE was the sole office market in the Western region with positive net absorption growth over the past five quarters Check out our latest brief on the positivity surrounding the Inland Empire office market: https://lnkd.in/gRSABcUW CBRE | Deepa Shah | Ian Britton

American downtowns are facing many obstacles in this post-pandemic era. Read on for some strategies to deal with challenges facing corporate occupiers in deciding whether to relocate offices or remain in their downtown locations. https://lnkd.in/dxYXPt4d

(Fl)exclusive: New stats from CBRE show that large corporate occupiers are behind a rise in take-up in London’s flex office market. New space requirements and the number of desk deals done were both up by 30% year-on-year over the start of 2024, the agency said. Some 41% involved TMT tenants, with energy and utility companies also busy. Michael Glynn, CBRE's head of UK flex, said: "The market ended last year in a strong position, and it has been really positive to see this momentum continue well into 2024." Holly Bailey added: “We are anticipating that corporate occupiers will continue to acquire more flex space to accommodate project space, while operators and landlords are also providing more comfort to these occupiers around legal terms and security.” More here in EG. https://lnkd.in/egWXtTFd

END OF YEAR REVIEW - The Dublin City Office Market Rebounds in 2024. See below video featuring Paul Finucane Director | Offices as he walks us through the key trends in 2024 and his outlook for 2025. Trends include - Strong Market Rebound in 2024 Surge in Office Take-Up Sector Leaders Driving Demand Vacancy Rates Stabilizing Future Supply Constraints Stable Prime Rents Emerging Leasing Trends Positive Momentum into 2025 In summary, the Dublin's Office Market is proving its resilience—setting the stage for a vibrant and competitive market into 2025. #expertschooseexperts #realestate #dublinofficemarket