Cushman & Wakefield and CoreNet Global have released survey results showing key shifts in occupiers’ approach to workplace decisions. According to Dimitris Vlachopoulos, Partner and Head of Total Portfolio & Location Strategy, “occupiers consistently identify cost, talent, and operational excellence as the top drivers of their real estate strategy and decisions.”
Environment Social Corporate Governance (ESG) is a consistent driver for demand with occupiers willing to pay a premium for workplace sustainability. Most CRE teams have defined ESG goals that vary by global region.
Targeted office space has doubled compared pre-pandemic levels at 40-50% versus 20-30%, however office occupancy remains low which is driving further footprint reductions. 89% of occupiers view the office as an important place for creativity while also serving as a planned meeting point; CBDs remain preferred locations for headquarters but 26% recruit from anywhere in the world regardless of location boundaries .
“Van Nuys Industrial Lease Secured by Aviation Manufacturer”
Rancho Realty Group Corporation successfully facilitated the signing of a 31,000-square-foot industrial lease at 7850 Haskell Ave. in Van Nuys.
Steve Griffin
November 22, 2024
