Transform! Designing the Future of Energy,
Germany
23 March 2024
More information
WORKTECH24 Basel,
Basel
19 April 2024
More information
Running Remote: Empowering The World's Transition Towards Distributed Work,
Lisbon
22 April 2024
More information
Ergonomics & Human Factors 2024,
Kenilworth, UK
22 April 2024
More information
SME XPO,
Excel London
23 April 2024
More information
The Watercooler,
Excel London
23 April 2024
More information
The Office Event,
London
23 April 2024
More information
Sustainable Design Forum,
London
25 April 2024
More information
July 4, 2016
New office market briefing remains cautious about impact of potential Brexit 0
by Mark Eltringham • Comment, Company news, Knowledge, Property
JLL has published a new briefing document to look at the possible impact of the recent Brexit vote on the UK’s office market. The report’s main claim is that the underlying economic fundamentals in the UK remain solid in comparison to previous downturns, and, while expectations are unsurprisingly being downgraded, there is still no need for occupiers or landlords to become too concerned at the moment before the full details and effects of the UK’s exit from the EU become apparent. The document also suggests: occupiers are taking stock, so flexibility is likely to become fundamental to near term decision making. Longer-term impacts or benefits of Brexit are still to play out; office occupier demand in London will be subdued in the near term although low vacancy levels, coupled with an increasingly diverse occupier base, should prevent a dramatic fall in rents compared to previous market corrections; hotels will benefit from weakened sterling and increase in tourism although they may see costs increase.