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Net office demand is predicted to decrease by 5-10% globally over the next ten years

AMC Executive Search
AMC Executive Search

As the impact of COVID-19 on the real estate investments space continues to transpire, it is no surprise that we are seeing exponential demand within research. One of the big questions surrounds the fluctuations of office sector demand. 

Research conducted by The Townsend Group and Capital Economics concluded that global demand for offices is set to decrease by up to 10% by 2030 (more specifically, 9-12% in the US within the next five years). Given that offices typically constitute a significant proportion of institutional real estate portfolios, it is interesting to see where investors are diversifying and reallocating capital as a result of these shifts in demand.

Capital Economics predicts that net office demand will shrink by 5% to 10% globally by 2030, with city-centre offices “bearing the brunt”. In a recent report, the consultancy said: “the most important catalyst of change post-COVID-19 will be more home working… For offices, which are the most directly affected, this will be a major hit, reducing demand, curbing development and squeezing investor incomes over the longer term.”
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recruitment, real estate, offices, executive search, private markets
AMC Executive Search
AMC Executive Search

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