November 6, 2024
Economic and political uncertainty continue to dampen commercial property market sentiment
The outlook for the European commercial property market is cautiously optimistic despite growing geopolitical uncertainty and concerns about economic growth, with London, Madrid and Paris emerging as the standout performers, according to a new report by PwC and the Urban Land Institute (ULI). The report – Emerging Trends in Real Estate Europe 2025 outlines how market players believe ‘a new normal’ is emerging as valuations have come down and interest rates regain some level of predictability in a market characterised by higher inflation and interest rates, and geopolitical and economic uncertainties. This led to more than 80 percent of survey respondents expecting business confidence and profits to stay the same or rise in 2025, with around half predicting increases in both. More →
October 31, 2024
Four honest impressions of Orgatec 2024
by Mark Eltringham • Comment, Workplace design
I’ve been going to Orgatec in Cologne since 1992. It has always been one of the twin global behemoths of office design shows. The other being NeoCon in Chicago. Over that time, I’ve seen it dwindle significantly in size, if not relevance. It is held every two years, which means it can offer a better snapshot of current thinking about offices than an annual show might. The last show, two years ago, was still hungover from the pandemic (2020 was cancelled) so this year’s event was, in a way, the first chance to see how things stand in whatever era we might now be in. More →