JLL Perspectives
Ep 7: How offices became a tale of the very best and the rest - with Tim O'Connor, Marie-Laure de Sousa, Neil Prime, Jeff Eckert, Alex Barnes
Feb 21, 2024
Experts discuss the performance gap between new and ageing buildings in office leasing. Buildings outside main cities are overlooked, while well-located offices with great amenities thrive. Insights on office leasing trends worldwide from Europe, U.S., UK, and Asia. Exploring challenges and opportunities in attracting employees back post-pandemic.
33:12
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Quick takeaways
- Polarization in office leasing market with 'flight to quality' favoring premium properties over others, emphasizing need for attractive work environments.
- Global shift towards return to office promoting premium office locations for tenants and ESG focus on sustainable workspaces driving leasing trends.
Deep dives
The Impact of 'Flight to Quality' in Office Leasing
The podcast highlights the concept of 'flight to quality' as a defining factor in office leasing trends in 2023. The speakers emphasize the polarization of the market between top-tier properties experiencing rental growth and strong demand versus the slower performance of properties outside this bracket. The discussion underscores the importance of providing desirable work environments to attract employees back to the office and the challenges faced by properties not in the highest quality segment.
