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Landlords and occupiers don’t see eye to eye on the decarbonisation of European real estate

Workplace Insight

Progress on the decarbonisation of real estate portfolios is being held back by a lack of understanding and collaboration between property owners and occupiers, according to a new report from the Urban Land Institute C Change programme.

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Economic and political uncertainty continue to dampen commercial property market sentiment

Workplace Insight

The outlook for the European commercial property market is cautiously optimistic despite growing geopolitical uncertainty and concerns about economic growth, with London, Madrid and Paris emerging as the standout performers, according to a new report by PwC and the Urban Land Institute (ULI).

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Investment in real estate upgrades stalls in face of economic and business challenges

Workplace Insight

Research by ULI and PwC claims that nearly half of Europe’s real estate leaders are concerned about buildings becoming obsolete in the next five years in the face of long-term upheavals in demographics, climate change, technology and lifestyles. The industry is uncertain about when obsolescence will start to show in values.

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The bill for upgrading office buildings worldwide could hit £1 trillion

Workplace Insight

A significant proportion of global office space is at risk of obsolescence, with up to £1 trillion required to revitalise aging office buildings, according to a new report from real estate firm JLL. percent of its total office inventory built since 2020 or under construction, its vacancy rate stands at percent.

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IWMS and the evolution of Integrated Workplace Management System software

Office Space

An IWMS, or Integrated Workplace Management System, is a scalable, cloud-based software platform that helps track virtually every aspect of the workplace and a corporate real estate portfolio. An IWMS also allows users to manage their infrastructure and real estate portfolio.

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JPMorgan Chase’s Office of the Future

Office Space

was planning to construct a new New York City headquarters in Manhattan. To back up this real estate investment strategy, the bank is constructing a massive 60-story tower on Midtown Manhattan’s Park Avenue. Forbes reports that nearly 80% of businesses are transitioning to hybrid work models. Then the pandemic hit.

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Office refurbishments rise to all time high in London

Workplace Insight

The report claims that over 10 million sq. and new construction is starting across 50 schemes. Sophie Allan added: “Whilst construction levels remain high, developers are acutely aware of elevated construction costs, which remains the biggest challenge, with both labour and material seen as major drivers.” million sq.