Occupier activity maintains healthy pace at start of 2019

Global occupier activity maintained the robust rate of 2018 during the first quarter of 2019, with global leasing volumes 2% higher than a year ago. While many businesses remain broadly in expansionary mode, global leasing volumes for the full-year 2019 are expected to broadly match last year’s levels with some slight softening of activity in Europe and Asia Pacific due to a combination of economic uncertainty and limited supply in some markets.

JLL’s Top 10 Global CRE Trends highlights the key priorities for corporate occupiers around the world over the next year, including:

  • Services and Amenities: Talent shortages continue to spur investment in services and amenities that can act as a lever to attract and retain employees. Corporates are actively looking to support a well-balanced lifestyle that boosts health and productivity. Expectations for ‘hospitality-style’ services continue to rise, with occupiers aiming to create vibrant office settings through the provision of fitness and wellness centres, food deals and cafeterias, and on-site convenience services like childcare or dry cleaning.
  • Digital Transformation: There is an increasing urgency in corporate digital investment programmes, with over US$1 trillion invested in digital transformation efforts in 2018 (World Economic Forum, 2018). Technology is expected to be the largest investment priority for companies over the next three years according to JLL’s Future of Work Survey. Workplace and employee experience applications are the highest priority for future investment as businesses look to provide employees with a personalised experience and boost engagement, while Internet of Things (IoT), smart technologies and data warehousing are also key priorities.
  • Human Performance: Both trends converge in a desire to create an environment that allows employees to thrive and maximizes performance. The confluence of innovative spaces, improved experience and technology empowers employees to be more creative, innovative and productive and is set to be a key focus for corporate occupiers.

Find out about how coworking and other flexible real estate solutions are reshaping the U.S. office market in our latest research report.


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