In the corporate real estate landscape, opportunities and challenges are emerging. The sector faces pressure due to remote work, overvaluation, and the need to entice workers back to physical offices.
Corporate real estate, traditionally vital for economic stability, has transformed due to these factors, causing under-occupancy and valuation concerns.
The primary challenge is potential asset devaluation, as more companies embrace remote or hybrid work models, directly causing this decline. Addressing employee concerns such as the daily commute, a major pain point for workers, is crucial.
Additionally, the necessity of revitalizing corporate real estate extends to entire central business districts (CBDs) in order to prevent further negative economic impacts. The future of corporate real estate presents challenges and opportunities that can be tackled by bringing people and communities together to build something that will attract workers back to the office and revitalize these spaces.
Read more on the thoughts of Simon Elliot in our latest article, Navigating the Future of Corporate Real Estate: A Pathway to Revival.
Simon Elliot is Managing Partner and co-founder of 4xi Global Consulting. Simon has spent his career in the food, facilities, and amenities sector from his roots in the UK , across Europe, Asia, Australasia, North and South America and has worked with many progressive organizations to help them advance the human experience in the away from home markets - people at work, in education, healthcare, senior living, remote sites, and leisure.
4xi Global Consulting & Solutions is a team of talented leaders from both the client-side and service provider side, impacting the Human Experience (HX) for people at work, in education, rest, and at leisure.
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Explorers Innovation Directory: Gateway to Innovation
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