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NEWS & INSIGHTS

Our lawyers are experts in their fields. Through commentary and analysis, we give you insight into the pressures impacting business today.

| 1 minute read

A tale of two cities?

Always good to see news articles picking up trends which are obvious from the cases on the desk...


Companies who employ a predominantly young workforce have more staff keen to come back to the office, pushed out of their homes by shared and cramped working conditions and pulled into the office by a desire to learn and grow their careers. It's no surprise that the tech companies are some of the first to take up new space as a result of that and determined to have the best workplaces to lure in the top talent.


The real test of people's determination to come back to their offices will be the second hand or grey space, and how long that takes to fill up again. Some landlords with empty space are at risk of being undercut by their own tenants, desperate to cut costs by subletting.


Finally, we predict fit outs and retro fits of offices will include a lot more fresh air than previously – windows that can be opened and more focus on air circulation within a building. Staff have apps which can measure this and will be putting pressure on their employers and landlords to deliver.

37 per cent of respondents said that property formed part of their strategy to attract staff. Half said that offices supported their corporate brand and image.

Tags

landlord, offices, investment