13 March 2017 | Herpreet Kaur Grewal
The volatility of economic growth and agility are two of the top concerns for corporate real estate firms, says property adviser JLL's latest report.
JLL's Corporate Real Estate (CRE) 2017 trends report predicts the key issues affecting corporate property needs and requirements this year. It states that 82 per cent of CEOs globally are concerned about uncertain economic growth and 74 per cent of CEOs highlight geopolitical uncertainty as a threat to the growth of their organisations.
It urges companies to embrace different ways of working; flexible workplaces and a merging of environments continue to both challenge and offer advantages to corporates.
As more than 20 million people worldwide are using third places (cafés, flexible workspaces) as part of their workweeks and 30 per cent of corporate real estate portfolios are looking to comprise flexible workspaces by 2030, corporates must be ready to incorporate agile working as an integral part of their strategies to attract and retain a new breed of talent.
The report also finds that automation and location and real estate portfolio strategies have a huge impact on corporate efficiency. It also emphasises that automation is redefining roles, business processes and real estate needs for corporates, estimating that 85 per cent of CEOs are considering the integration of automated processes over the next three years.