Colliers International makes no guarantees, representations or Across the APAC region, occupiers are keen on realigning their office portfolios to meet business needs while providing the flexibility employees' desire. Colliers International | Global Occupier Guide. PDF LONDON & SOUTH EAST OCCUPIER FIT OUT COST GUIDE - Cushman & Wakefield Colliers International | Global Occupier Guide. This means that every time you visit this website you will need to enable or disable cookies again. Typically, a tenant can not take advantage of "blend & extend" ("forward renewal", "early renewal", etc.) There are additional charges that apply to leasing space. excludes unequivocally all inferred or implied terms, conditions and warranties arising Mike Davis, Colliers Managing Director, Occupier Services, Asia Pacificsaid: "Adopting technology solutions such as digital tools and dashboards is critical for addressing the challenges posed by the hybrid workforce. Shining a spotlight on the ESG framework and the adoption of pioneering technology, the importance of a sustainable workplace is highlighted. This document has been prepared by Colliers International for advertising and general Desk-sharing is not a common practice in the market. The new report features insights from clients, surveys, and Colliers experts to zero-in on the fundamental forces reshaping workplaces, workforces, and property portfolios, and to serve as a definitive guide for occupiers aiming to construct resilient real estate strategies for a highly uncertain future. Across the APAC region, occupiers are keen on realigning their office portfolios to meet business needs while providing the flexibility employees' desire. This publication is the copyrighted property of Colliers International and/or its licensor(s). While more than 65% of workers are seeking more in-person time with their teams, 70% of workers want flexible work options to continue. Source: City Globe and Colliers, Tenant Favorable Assessment of the real estate market condition for industrial space. Typically included in Design/Build scope of work. This website uses cookies so that we can provide you with the best user experience possible. Source: Colliers. Colliers is a leading diversified professional services and investment management company. This publication is the copyrighted property of Colliers International and/or its licensor(s). View original content:https://www.prnewswire.com/apac/news-releases/colliers-launches-global-occupier-outlook-2023-navigating-the-future-of-change-301884949.html, https://www.prnewswire.com/apac/news-releases/colliers-launches-global-occupier-outlook-2023-navigating-the-future-of-change-301884949.html. The Landlord typically pays the tenant rep brokers fee. Attracting People to the Office Bringing workers back to the office remains top of mind for many occupiers. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Select your location and obtain the data you need. There are additional charges that apply to leasing space. It highlights efforts being made by leading global companies to strengthen processes, build resilience, and meet complex needs, with the aim to enrich the workplace experience. Source: Colliers Labor Cost - Wages for skilled office workers. Source: City Globe and Colliers, Tenant Favorable Assessment of the real estate market condition for office space. Source: Colliers, Labor Cost Wages for skilled office workers. Labor Force Growth Labor force growth rate (past 5 years), Wage Inflation Rise in wages (past 5 years, local currency), Millennials Proportion of population in the age 20-39 cohort, High School Education Equivalent Proportion of population attaining this level, University Education Equivalent Proportion of population attaining this level, Overall Education Composite average of High School & University, Innovation Presence of innovative factors in economy, Economic Risk Resilience of economy to unexpected events, Business Environment Friendliness of business environment, Corporate Tax Rate Favorable corporate tax rate, Combined average score of Human Capital and Business Climate factors. Colliers is a leading diversified professional services and investment management company. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. Typically, the tenant's right to sublease or assign the space is negotiated in the lease agreement. out of this document and excludes all liability for loss and damages arising there from. Colliers launches Global Occupier Outlook 2023: Navigating - AsiaOne Paris | Global Occupier Guide - Colliers Colliers | Commercial Real Estate Solutions & Property Agents For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. strategies when the appropriate market conditions exist. This website is best viewed using the latest versions of web browsers. 5 min read APAC occupiers challenged by complex, inconsistent hybrid work models. Source: City Globe and Colliers, Tenant Favorable Assessment of the real estate market condition for industrial space. Colliers International "While challenges persist, this period of change presents unprecedented opportunities to reimagine the role of space and explore new approaches that cater to evolving employee needs. The growing urgency to attract and retain talent is prompting companies to consider alternative workplace solutions and new locations. What Is the Fate of the Office? How Talent and Location Will Define the This is NOT a statutory termination right. SHANGHAI, July 25, 2023 /PRNewswire/ -- Colliers' Global Occupier Outlook 2023 report has found APAC office occupiers are grappling with the complexities of the hybrid work model as they. Colliers is a leading diversified professional services and investment management company. Navigating the future of change: Global Occupier Outlook | Colliers Services Before and During the Transaction. Find a Tenant Leasing Expert Near You. Companies across the globe are investing inESG and DEI initiatives, including green design, tech-enabled features that promote higher health & safety, wellbeing amenities, and inclusive workplace environments. This publication is the copyrighted property of Colliers International and/or its licensor(s). This website uses cookies so that we can provide you with the best user experience possible. In a survey by Colliers, in partnership with CoreNet Global at its 2023 APAC Summit, 66.6% of the 206 real estate industry leaders polled predicted that over the next five years up to 20% of their lease portfolios will be converting from traditional to flex leases. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Any interested party should Source: City Globe and Colliers Labor Cost Wages for manuafacturing and warehouse/distribution office workers. Download The Shift to Hybrid is Real Since more than 65% of workers are seeking more in-person time with their teams, companies across the globe are investing in green design, tech-enabled features that promote higher health & safety, and wellbeing amenities, among others. Test fits (including Look & Feel) - Cost Estimates - Schedule/timing/phasing scenarios - Floor plan, core and circulation efficiency ratios(GIA vs NIA) (NOA vs NIA) - Technical due diligence/Assessments - We may pack everything into a Feasibility Study or proposed them separately depending on the situation. There are additional charges that apply to leasing space. Colliers International | Global Occupier Guide. "The field is wide open for the complete reinvention of approaches to sourcing talent, design and using spaces, and measuring performance. Colliers | Navigating the future of change: What Philippine occupiers Across industries, occupiers are in the process of reassessing their current office footprint to determine the most optimal mix for their employees. limited to, warranties of content, accuracy and reliability. 46% of signed lease transactions This is NOT a statutory termination right. Colliers | Industrial & Logistics Leading Industrial & Logistics Property Experts Our renowned Industrial and Logistics team works with developers, investors and occupiers of all sizes to provide all-encompassing solutions tailored to your needs. Source: Colliers, Labor Cost Wages for skilled office workers. Quoted market rent typically does not include operating expenses (service charges). This means that every time you visit this website you will need to enable or disable cookies again. Basic broom clean condition and removal of special installations. Mike Davis, Colliers Managing Director, Occupier Services, Asia Pacificsaid: "Adopting technology solutions such as digital tools and dashboards is critical for addressing the challenges posed by the hybrid workforce. These tools enable occupiers to optimize space utilization, implement safety measures, and make data-driven decisions. This document has been prepared by Colliers International for advertising and general Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. The right portfolio is key to keeping culture intact, attracting and retaining the best talent, and controlling operational costs. It IS typical for tenants to be able to negotiate an early termination right in the lease agreement. 55% of the top leases signed were new leases. With operations in 66 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. Quoted market rent typically does not include operating expenses (service charges). information only. Across industries, occupiers are in the process of reassessing their current office footprint to determine the most optimal mix for their employees. Since more than 65% of workers are seeking more in-person time with their teams, companies across the globe are investing in green design, tech-enabled features that promote higher health & safety, and wellbeing amenities, among others. Colliers International makes no guarantees, representations or In a survey by Colliers, in partnership with CoreNet Global at its 2023 APAC Summit, 66.6% of the 206 real estate industry leaders polled predicted that over the next five years up to 20% of their lease portfolios will be converting from traditional to flex leases. undertake their own inquiries as to the accuracy of the information. Base fee [%] for the fitout of above office of 1000 m2. It highlights efforts being made by leading global companies to strengthen processes, build resilience, and meet complex needs, with the aim to enrich the workplace experience. Colliers launches Global Occupier Outlook 2023: Navigating the Future undertake their own inquiries as to the accuracy of the information. Colliers itself has developed several tools that integrate various data sources to provide a comprehensive view and facilitate informed decision-making.". 66% of business decision-makers are considering redesigning physical spaces to better accommodate hybrid work environments. Return to Office: Occupier Survey Insights | Colliers The new report features insights from clients, surveys, and Colliers experts to zero-in on the fundamental forces reshaping workplaces, workforces, and property portfolios, and to serve as a definitive guide for occupiers aiming to construct resilient real estate strategies for a highly uncertain future. Colliers launches Global Occupier Outlook 2023: Navigating the Future Commercial Real Estate Occupier Services | Colliers Make the most of your commercial real estate space and accelerate your success Services Tools Leadership News Contact Advisory solutions At Colliers, our insight maximizes the power of space, wherever our clients do business. From better building materials to new platforms for virtual interaction, a host of exciting solutions and practices are coming to the fore that promise to help occupiers break new ground, whether in boosting the performance of buildings, or developing more integrated hybrid teams.". Our experts provide a full range of commercial and residential real-estate services to occupiers, developers, owners and investors on a local, regional, national and international basis. Our new research finds APAC occupiers are shifting from an 'inward' business view of what's important in an office or location, to an 'external' view of what locations give their employees access to in terms of culture, lifestyle and wellness," he added. Base fee [%] for the fitout of above office of 1000 m2. Paris | Global Occupier Guide Paris RICS Space Measurement Standard SQMT SQFT Space Unit of Measure EUR Financial Data Currency Yes Transfer Taxes Office Industrial Project Management Office Occupier Market Condition Occupier Market Conditions Labor Cost Tenant Favorable Typically included in Design/Build scope of work. Some 30% of the APAC occupiers in the survey expected 20-30% reduction in required space for their businesses. With operations in 66 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. Typically included in "Project Management" scope of work. This means that every time you visit this website you will need to enable or disable cookies again. If you disable this cookie, we will not be able to save your preferences. Our new research finds APAC occupiers are shifting from an 'inward' business view of what's important in an office or location, to an 'external' view of what locations give their employees access to in terms of culture, lifestyle and wellness," he added. excludes unequivocally all inferred or implied terms, conditions and warranties arising While more than 65% of workers are seeking more in-person time with their teams, 70% of workers want flexible work options to continue. Typically, the tenant's right to sublease or assign the space is negotiated in the lease agreement. In a survey by Colliers, in partnership with CoreNet Global at its 2023 APAC Summit, 66.6% of the 206 real estate industry leaders polled predicted that over the next five years up to 20% of their lease portfolios will be converting from traditional to flex leases. 2023 Q2 Richmond Office Report | Colliers Flex space has been brought to the forefront by the hybrid working model and has helped occupiers optimize costs and ensure employee flexibility. Service Before and During the Design Process. warranties of any kind, expressed or implied, regarding the information including, but not Dubai | Global Occupier Guide "The APAC region is undergoing a significant transformation in the way workspaces are perceived and utilized,"saidSam Harvey-Jones, Colliers Chief Operating Officer, Asia Pacific. This website uses cookies so that we can provide you with the best user experience possible. Project Management Office Occupier Market Condition Occupier Market Conditions Labor Cost Tenant Favorable Occupier Market Conditions - How conducive is the regulatory environment to starting and operating a business. strategies when the appropriate market conditions exist. "While challenges persist, this period of change presents unprecedented opportunities to reimagine the role of space and explore new approaches that cater to evolving employee needs. This publication is the copyrighted property of Colliers International and/or its licensor(s). warranties of any kind, expressed or implied, regarding the information including, but not You can find out more about which cookies we are using or switch them off in settings. Colliers International Our people make a difference through our passion for flexibility, innovation and speed. Any interested party should Companies across the globe are investing inESG and DEI initiatives, including green design, tech-enabled features that promote higher health & safety, wellbeing amenities, and inclusive workplace environments. Employees want the best of both worlds. These tools enable occupiers to optimize space utilization, implement safety measures, and make data-driven decisions. "The APAC region is undergoing a significant transformation in the way workspaces are perceived and utilized,"saidSam Harvey-Jones, Colliers Chief Operating Officer, Asia Pacific. You can find out more about which cookies we are using or switch them off in settings. excludes unequivocally all inferred or implied terms, conditions and warranties arising Colliers' Chris Fyvie, Toby Tobiason and Taylor Tobiason were tasked in the first quarter of 2020 to devise a go-to-market strategy for 20 Leslie, an attractive, 53,800-square-foot brick-and-beam building in the Toronto East neighbourhood of Leslieville. SHANGHAI, July 25, 2023 /PRNewswire/ --Colliers' Global Occupier Outlook 2023 report has foundAPAC office occupiers are grappling with the complexities of the hybrid work model as they attempt to strike a balance between providing employees with desired flexibility and realigning their portfolios for the next evolution of the workplace. Demand for green certified buildings will continue to rise as occupiers continue to seek eco-friendly buildings that meet environmental, energy, and health standards in their design, construction, and performance. Integration of smart technology, digital infrastructure and smart facilities can help attract tenants and achieve greater operational efficiency, reduce energy consumption and higher customer retention. Market Reports. Test fits (including Look & Feel) - Cost Estimates - Schedule/timing/phasing scenarios - Floor plan, core and circulation efficiency ratios(GIA vs NIA) (NOA vs NIA) - Technical due diligence/Assessments - We may pack everything into a Feasibility Study or proposed them separately depending on the situation. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. The Global Occupier Outlook 2023 report features insights from, and resilient strategies being adopted by, real estate decision makers to prepare for an uncertain future, adapt to emerging market trends and overcome unprecedented challenges. The growing urgency to attract and retain talent is prompting companies to consider alternative workplace solutions and new locations. Colliers International The Landlord typically does not provide a contribution or concession to fit-out as a part of the lease transaction. Typical Square Feet per employee (includes office square footage for employees and contractors). Colliers International makes no guarantees, representations or Select your location and obtain the data you need. London | Global Occupier Guide London IPMS* Space Measurement Standard SQMT SQFT Space Unit of Measure GBP Convert Financial Data Currency [1] Yes Transfer Taxes Notes: *IPMS - International Property Measurement Standards for Offices Office Industrial Project Management Office Occupier Market Condition Flex space has been brought to the forefront by the hybrid working model and has helped occupiers optimize costs and ensure employee flexibility. Labor Force Growth Labor force growth rate (past 5 years), Wage Inflation Rise in wages (past 5 years, local currency), Millennials Proportion of population in the age 20-39 cohort, High School Education Equivalent Proportion of population attaining this level, University Education Equivalent Proportion of population attaining this level, Overall Education Composite average of High School & University, Innovation Presence of innovative factors in economy, Economic Risk Resilience of economy to unexpected events, Business Environment Friendliness of business environment, Corporate Tax Rate Favorable corporate tax rate, Combined average score of Human Capital and Business Climate factors. Some 30% of the APAC occupiers in the survey expected 20-30% reduction in required space for their businesses. information only. Market Reports. Colliers Occupier Services conducted a Mid-Year 2022 Return to Office Survey. Our team works to maximize efficiencies for your business. The Landlord typically does not provide a contribution or concession to fit-out as a part of the lease transaction. Explore a Market Obtain insights into market nuances and norms around the world, including lease transaction and fit-out practices, labor market data, and the general business environment. A lack of clarity and macroeconomic uncertainty are posing challenges for businesses in projecting their space requirements and, according to Colliers' experts, many businesses are approaching their decisions on office take up and investment more cautiously.
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