Publications

- February 1, 2022: Vol. 16, Number 2

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ESG and limited supply spur race for quality offices

by Marek Handzel

Office assets in major metropolitan markets that prioritise sustainability and wellness credentials will be in extremely high demand this year as investors race to secure new properties.

In its 2022 Global Investor Outlook report, Colliers says that core and core-plus office spaces are the top global strategy picks among investors. Their appeal not only stems from a realisation that office demand is here to stay — particularly in cities supported by strong transport infrastructure and high amenity values — but also because of the ease that large-scale capital deployment into office assets represents, when compared to some other real estate sectors.

In its research for the report, Colliers has found that four in five investors treat the rising cost of construction as a “pain point”, which is seriously limiting new builds, renovations and retrofit projects. As a result, investors expect core office values to increase by up to, or more, than 10 percent ov

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