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Commercial property owners, managers and tenants expect better economic conditions in six months.
CBRE has published its first Corporate Real Estate Expectations Survey.
The survey examined expectations of commercial property service providers and end users on business prospects, workplace issues and real estate strategies:
- 67% of respondents see improving conditions over the next six months.
- 85% of service providers are more optimistic about their foreseeable future.
- 78% of respondents indicate hiring intentions over the next six months.
- 33% of respondents are interested in relocating over the next six to 12 months.
In the report, Zoltan Moricz, CBRE’s senior director of research and consulting, says “the survey shows the increasing focus by corporations to use real estate to enhance business productivity and support their core business goals".
“As economic forecasts anticipate a cautious but continuous business improvement, companies are tending to be more positive towards their own business prospects.
“In the aftermath of the recession, the roles of corporate real estate personnel have shifted to a more strategic asset management in order to highlight the cost to occupy, enhance productivity and support core business goals.”