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Shorter, faster, better, stronger: more flexible leases will drive up innovation, rental income and standards across every conceivable metric
Despite having to yet reach its first quarter, the 21st century has delivered more than its fair share of disruptive megatrends and events. The uncertainty they have created has gripped the majority of industries and businesses.
This has fed into real estate considerations in a number of ways, one of which is the movement towards shorter and more flexible tenancy agreements.
“Occupiers have less understanding of their long-term space needs, therefore seek to match their liabilities [leases] to their known business requirements,” says Andy Sergeant, executive director, partnership advisory service, at workspace solution provider The Instant Group.
For Daniel Abrahams, a partner and head of real estate at law firm Memery Crystal, there is more of a perceived willingness to swap premises more regularly among businesses. With most companies now using the cloud to store data, there is no need to set up clunky server rooms, and moving is easier than ever. Flexibil