Search Results for: real estate

Office attendance and desk use are on the rise as firms make most of real estate

Office attendance and desk use are on the rise as firms make most of real estate

by • News

office attendance and desk use continue to go up, although the provision of workstations has been reduced as part of an overall rationalisation of corporate real estateA new report from AWA claims that office attendance and desk use continue to go up, although the provision of workstations has been reduced as part of an overall rationalisation of corporate real estate. The report also suggests that this may have reached its optimal point right now as just 13 percent of UK organisations are considering further downsizing, suggesting that most firms think they may have reduced their real estate as far as they can. More →

Seven industry associations join forces to develop real estate carbon pricing strategy

Seven industry associations join forces to develop real estate carbon pricing strategy

by • Environment, News

Seven real estate industry associations have announced a new taskforce to develop a comprehensive carbon pricing strategy for the sectorSeven real estate industry associations have announced a new taskforce to develop a comprehensive carbon pricing strategy for the sector that takes a value chain perspective and enables pricing to be incorporated into investment decision making and accelerate its adoption. More →

Commercial real estate lending hits ten year low

Commercial real estate lending hits ten year low

by • News, Property

New lending for commercial real estate fell 33 per cent last year to its lowest level since 2013, according to the latest bi-annual report from Bayes Business School, (formerly Cass). Researched and written by Dr Nicole Lux, Senior Research Fellow at Bayes Business School, City, University of London, the report also shows that a significant portion (42 per cent) of the £170 billion of loans outstanding will have to be refinanced within 12 months. Dr Lux expects that will cause ongoing stress in the market. More →

European commercial real estate market stumbles in 2024

European commercial real estate market stumbles in 2024

by • News, Property

Dreams of a swift recovery in Europe's commercial real estate market have been dashed as the first quarter of 2024 witnessed a continued slump, marking the seventh consecutive quarter of decline according to new dataDreams of a swift recovery in Europe’s commercial real estate market have been dashed as the first quarter of 2024 witnessed a continued slump, marking the seventh consecutive quarter of decline. That is according to data released by MSCI Real Assets which paints a concerning picture, with completed commercial property transactions reaching a mere €34.5 billion in the first three months – a 26 percent drop compared to the same period in 2023. This translates to the lowest transaction volume since the third quarter of 2010, with the number of companies buying and selling properties also hitting a 12-year low. More →

Real estate sector is at a pivot point worldwide, report claims

Real estate sector is at a pivot point worldwide, report claims

by • News, Property

Despite continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a ‘pivot point’, with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate Global Outlook 2024 from PwC and the Urban Land Institute (ULI). The report amalgamates three regional reports, which canvassed thousands of real estate leaders across Europe, the United States and Asia Pacific, and is a key indicator of sentiment towards the global real estate investment and development outlook across the globe. More →

University of Warwick receives £1.25 million to research how AI could change the market for real estate

University of Warwick receives £1.25 million to research how AI could change the market for real estate

by • AI, News, Property, Technology

The University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five yearsThe University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five years. Based in the Gillmore Centre for Financial Technology at Warwick Business School, the new Research Group will draw interdisciplinary scholars and thinkers from across the world to redefine and innovate the financial and property technology landscape. More →

Landlords and occupiers don’t see eye to eye on the decarbonisation of real estate

Landlords and occupiers don’t see eye to eye on the decarbonisation of real estate

by • Environment, Facilities management, News, Property

Progress on the decarbonisation of real estate portfolios is being held back by a lack of understanding and collaboration between property owners and occupiersProgress on the decarbonisation of real estate portfolios is being held back by a lack of understanding and collaboration between property owners and occupiers, according to a new report from the Urban Land Institute C Change programme. If better alignment between the two parties is not prioritised, it has the potential to increase total emissions from the built environment over the medium to long-term as real estate decisions are often medium to long-term commitments, according to the authors. More →

Cost and a lack of awareness are barely holding back surge in demand for green real estate

Cost and a lack of awareness are barely holding back surge in demand for green real estate

by • Environment, News, Property

There is growing demand for green real estate in the APAC region, despite ongoing challenges in raising awareness and the higher costs involvedThe new RICS Global Sustainability Report for 2023 claims that there is growing demand for green real estate in the APAC region, despite ongoing challenges in raising awareness and the higher costs involved. The publication sets out to outlines the state of the world’s green and sustainable real estate and investor interest in acquiring and developing it. More →

Real estate tech strategies advance AI, workplace and sustainability

Real estate tech strategies advance AI, workplace and sustainability

by • AI, News, Property, Technology

Commercial real estate occupiers are willing to put their money where the tech is, according to new polling from JLL’s 2023 Global Real Estate Technology Survey. Ninety-one percent of occupier respondents are willing to pay a premium for tech-enabled space as they look to technology for strategic value and increased revenue. In fact, real estate tech budgets are set to grow faster than investments in?headcount, footprint and operating budgets, the report suggests.  More →

London Real Estate Forum makes the right noises, but will be judged on action

London Real Estate Forum makes the right noises, but will be judged on action

by • Comment, Events, Property

This year’s London Real Estate Forum (LREF), held from 27-28 September at the Barbican, had a general air of optimism but tempered with the uncertainty of a general election in the next twelve months and elements of political and economic uncertainty globally.  The day began with a state of the market discussion chaired by dRMM’s Sadie Morgan, with challenges facing the industry identified as the current valuation of the office market, the rate of housebuilding and the government’s lack of investment in infrastructure – the event coinciding with the furore over the cancelling of the northern part of HS2. More →

JLL claims it has unveiled the first GPT model for commercial real estate

JLL claims it has unveiled the first GPT model for commercial real estate

by • Company news, Facilities management, Technology

JLL offices London

JLL has announced the launch of JLL GPT, which it claims is the first large language model purpose-built for the commercial real estate sector. Developed by JLL Technologies, the firm claims the bespoke generative artificial intelligence (AI) model will be used by its 100,000 plus workforce around the world to provide CRE insights to clients in what it believes will be a whole new way. JLL’s extensive in-house data will be supplemented with external CRE sources, and the company plans to offer made-to-order solutions to clients later this year. More →

Corporate real estate strategies are now people centric focused on new ways of working

Corporate real estate strategies are now people centric focused on new ways of working

by • Flexible working, News, Property

Corporate real estate decision-making and people-centric strategies are becoming more integratedCorporate real estate decision-making and people-centric strategies are becoming more integrated, according to CBRE’s 2023 European Occupier Survey. The report claims that 68 percent of organisations have partnered across multiple business functions including HR, IT and Communications when implementing workplace change strategies, indicating the importance of real estate decisions at a corporate level. More →

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