New Hybrid Real Estate Strategies – Occupier Research

Discover the results of an international occupier survey

Responses (mostly by Heads of CRE) represent more than 13M m² of office space, measured in Q4 2022. The research was conducted by Urbanite Advisors.

Access this research report to inform your hybrid strategy in real estate.

Hybrid Real Estate: Some Key Findings From the Occupier Research

• The consensus on 2,4 days of remote working remains, with a slight increase since 2022
• Return to office rates remain low at 2 days a week (41% occupancy) and across all business sectors lower than the expected return to the office set by employers (i.e. employees do more remote work than their allowance)
• Footprint dynamic remains stable – The expected space reduction over the next 5 years remains at around 16-18% on average
• Demand for flexible Real Estate is increasing with 68% of respondents planning to offer access to coworking/flexible space to manage overflow
• Adoption of agile workplaces with desk sharing almost doubles (pre-Covid vs. 2022)
• More than half of respondents are expanding their recruitment geographies to reach new talent pools
• ESG is at the top of most organizations’ agendas and over 80% are planning to improve and create new facilities to support soft mobility (over 60% of the carbon emissions of an office-based employee relate to home-office commutes)

Urbanite Advisors helps its clients rethink their real estate and urban development strategies to accommodate new ways of working. It offers occupiers a comprehensive and independent advisory approach to support all aspects of corporate real estate strategies. And it supports investors from repositioning single assets to broader investment strategies based on a strong understanding of occupiers’ demand.