A new report on the future of the office sector by the Urban Land Institute (ULI) and The Instant Group finds that while offices are here to stay, the sector is in “a full state of flux.”
Analysis from the global survey proves that occupiers are still trying to figure out the impact of new activity-based workplace strategies and hybrid working patterns, leading to demands for a flexible approach from landlords who, at the same time, are trying to cope with cyclical challenges following increasing interest rates, ongoing high inflation and construction costs.
As part of the report, 285 office occupiers, landlords and third-party advisers in North America, Europe, Asia Pacific, Middle East and South America responded to a survey. In addition, in-depth interviews with leading industry experts and two roundtables were held to shed light on changing occupier demands, the response from landlords and the impact on their business models.
While the office has a key