Labor shortage, rising costs, supply chain and energy crisis. Oh my! These four critical global macro factors have leaders scrambling to stay ahead of the curve to find success in the current operating environment. Let's look at ten commercial real estate trends in 2023 for thoughtful real estate management that can help organizations come out on top.

Hybrid Reality

Hybrid is not a flash in the pandemic phenomenon. It's here to stay. Don't just get used to it; use it to your advantage by aligning spaces, technology and HR policies to meet your workers wherever they are. Workers enjoy working in hybrid environments. Corporations are taking notice and plan to implement technologies over the next three years to accommodate home, office and remote working.
60% Of Office Workers Want to Work in a Hybrid Style.
47% Of Corporations Already Have These Remote Technologies
44% Of Companies Plan to Implement Technologies Over the Next Three Years

Connected Communities

Location, location, location. It’s a driving force behind where we live and where we office. People want work to come with a healthy dose of socializing, shopping, eating and playing.  Multi-functional, live-work-play connected communities increase the attractiveness of your organization and help with employee attraction and retention.

Optimize with Impact

 Optimizing investments with a long-term, “people first” mindset is key to retaining talent, but also meeting business objectives. Smart CRE leaders continuously revisit their portfolio strategy considering market conditions, business goals and workforce preferences. If you accelerate investments in the right area, you will make a big impact on the Future of Work.
46% Of CRE Leaders Plan to Focus on Workplace Design to Improve Employee Engagement and Wellbeing.
67% Of CFO’s Identify Cost Optimization and Productivity Opportunities as a High Priority

Dynamic Operations

If you want to drive resilience in an agile world, advanced technology holds the key. Many executives feel it’s the top priority to improve efficiency, effectiveness and improve the stakeholder and customer experiences. Advancements in predictive analytics and artificial intelligence will deliver big returns as businesses go boldly into the Future of Work.

Data Maturity

There is a seismic shift in the old way and the new way of doing business and data continues to be the driving force. Increases in data capabilities, insights and analytics enable dynamic decision-making. More companies will ride technology to drive transformation, create efficiencies, standardize practices and stay ahead of the curve.
43% Of Businesses Plan to Accelerate Investment in Leveraging Data and Analytics to Enable Real-Time Decision-Making.

Holistic Wellbeing

Addressing the physical, mental, and social health of your people is key to driving long-term success. Because each person is different, well-being must be inclusive, holistic and personalized. Want a recipe for sustainable success? Create a workspace that enables collaboration and socialization, encourages physical activity and prioritizes personal resiliency.
Burned our employees are 3x more likely to look for a new job

Climate Resilience

Climate change adaptation is a marathon, and it takes a village.  To maintain momentum towards a carbon neutral built environment, we must reduce operational energy use, partner with landlords to implement eco-friendly leasing strategies, improve “green ratios” and embed circular design principles  into fit-outs and refurbishments. Energy related emissions from the operation of buildings in 2021 were 5% higher than 2020 levels and 2% more than 2019.

Responsible Procurement

Sustainable sourcing requires action through environmental, social and governance practices.  It’s critical to deliver environmentally sustainable supply chain practices; implement strategies to increase procurement from minority-owned, women-owned, disability and social enterprise and local businesses; ensure vendors and procurement practices adhere to the rights of workers.
60% of Global Emissions are generated by supply chains

Redefined Partnerships

As CRE’s look to achieve strategic goals with efficiency and cost effectiveness, they will leverage the power of partnerships to tackle challenges and solve complex issues. From considerations around health and wellness to renewable energy supply and sourcing to technology solutions, smart corporations will harness skills and expertise from a curated ecosystem of specialists to power business and reduce spend.

A venn diagram showing how City Governments/ Academia/Non profits, Corporate Occupants/ End Users, and Real Estate Owners /Investors/ Lendors, cross over

Innovation Clusters

People are the driving force behind the Future of Work. As such, organizations will begin to align their location strategy with their talent strategy in order to harness global talent pools that will accelerate innovation. Markets with the strongest talent characteristics will continue to attract organizations who want to lead the pack.

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