5 big questions real estate is asking in 2023

by | Jan 9, 2023 | 0 comments

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Source: JLL — 

The past few years have been bumpy, with one event after the other challenging the economy, businesses, and the way we work.

This year looks set to be another year of transformation, with questions looming around corporate climate goals and hybrid work, to whether inflation will abate and the tech industry will grow.

At the start of the year, uncertainty remains high. Below, we weigh in on some of the biggest questions JLL experts say will drive decisions among investors and companies in 2023.

How will the balance between home and office evolve?

Hybrid work has become non-negotiable for many employees, and companies must incorporate and support effective work, whether in the office or at home.

Recent JLL research shows that younger generations and hyper-hybrid employees, who work more than three days a week remotely, tend to be least loyal and have left their jobs or plan to leave at a much higher rate.

“Employers are facing complex challenges, but they also have a unique opportunity, as the office takes on a new role and becomes the new central hub in the hybrid work ecosystem,” says Flore Pradere, JLL Global Work Dynamics Research Director.

With the office emerging as a place of collaboration, Pradere says in 2023, the evolution of hybrid work will see the office play a more significant role in helping alleviate the isolation employees face working from home.

“Balancing the need to provide flexible working arrangements – an imperative – against the need to offer a working environment that meets the complex demands of employees requires solutions aligned with the aspirations and priorities of a more demanding workforce,” Pradere says.

What’s next for the economy and investment?

 

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