Commercial

With the rise of work from home, some market observers were quick to predict the demise of commercial real estate.

While there’s no doubt that workplace expectations have changed for employers and their employees, as well as owners and tenants, massive capital inflows into commercial real estate indicate the sector remains highly attractive to developers and investors alike.

Working from home has given employees a new experience of flexibility and convenience. Many businesses and individuals, however, have recognised that without the office environment, there are many challenges in sustaining corporate culture. Team building, mentoring, onboarding new recruits and driving innovation are key factors supporting a return to the office environment.

Hybrid models of work and employee preferences are already reshaping expectations of what the workplace can be. Companies are looking to bring more ‘home comforts’ to office environments and reconfiguring traditional layouts to encourage interaction and collaboration. In key global business markets, quality spaces with interesting fit-outs and features are driving demand as many corporates look to redefine the corporate office space. In the current environment of strong employment rates, quality corporate workspaces are seen as critical to employee attraction and retention.

For many business owners and their employees, healthier workplaces are also a priority, driving significant investment in commercial space design, refurbishment and upgrades to improve the efficiency of ventilation and cooling systems, reduce energy consumption and lower greenhouse gas emissions. Many investors are seeing this as essential to be well positioned for the resurgence in commercial real estate.

Aurex Group consultants have decades of experience working within the commercial and corporate real estate sector. Whether you are an owner, occupier or operator, we draw on our global networks to bring world-class candidates and sector insight to senior positions across key areas of real estate investment, development, workplace strategy, facility management and operations. Reach out to our team to see how we can help with your talent needs.