Over page are the latest EMEA Market Outlook figures EMEA Corporate Occupier Conditions Autumn 2015 People and productivity continue to drive real estate strategy ECONOMIC OUTLOOK Europe is expected to gain momentum throughout 2015 and 2016. PRESSURE ON REAL ESTATE COSTS Continued focus on cost management will influence location decisions. M&A ACTIVITY IS DRIVING REAL ESTATE CHANGE 56% of companies expect to pursue acquisitions in the next 12 months. PORTFOLIO OPTIMISATION SHORING STRATEGIES ON THE AGENDA AGILE WORKPLACES WITH A FOCUS ON TALENT Companies are seeking competitive advantage through people-centric office design that encourages wellbeing, collaboration and innovation. Expectations: Competition for space will increase more rap- idly in well connected locations with amenities and proximity to talent. Quality choice will remain constrained as developments take time to complete. Costs for prime real estate forecast to increase by 1.1% in 2015 and 2.4% in 2016. Source: Oxford Economics, 2015, (GDP = EU28) Source: JLL, 2015 Source: Capital Confidence Barometer, EY April 2015, Thompson Reuters Source: PwC 18th Annual Global CEO Survey, 2015 HEADWINDS Debt defaults, Brexit, Russia/Ukraine, China slowdown, stock market volatility, deflation. TAILWINDS ECB’s extensive QE programme; encouraging PMI data, rising consumption levels; low interest rates. Choice to fall in almost half of European markets in the next 12 months. The balance of nearshore and offshore operations will remain fluid as companies seek to deliver greater productivity. Less than half of European markets are expected to remain tenant favourable in 2015 & 2016. Real estate due diligence early on is key to unlocking value. 73% of CEO’s are concerned about the availability of key skills. Adapting to the dual drivers of growth & efficiency is key to optimising real estate portfolios. Source: Global CRE Trends 2015, JLL 72% of CRE Executives note increasing demand to actively challenge the business about its presumed space needs. A growing number of companies are reassessing their real estate footprints. 73% 30% of organisations are likely to off-shore activities in the next 3 years. 21 % of organisations are likely to near-shore activities in the next 3 years. Source: Global CRE survey 2015, JLL
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Over page are the latest EMEA Market Outlook figures
EMEA Corporate Occupier Conditions Autumn 2015
People and productivity continue to drivereal estate strategy
ECONOMIC OUTLOOKEurope is expected to gain momentum throughout 2015 and 2016.
PRESSURE ON REAL ESTATE COSTSContinued focus on cost management will influence location decisions.
M&A ACTIVITY IS DRIVING REAL ESTATE CHANGE56% of companies expect to pursue acquisitions in the next 12 months.
PORTFOLIO OPTIMISATION
SHORING STRATEGIES ON THE AGENDA AGILE WORKPLACES WITH A FOCUS ON TALENTCompanies are seeking competitive advantage through people-centricoffice design that encourages wellbeing, collaboration and innovation.
Expectations:Competition for space will increase more rap-idly in well connected locations with amenities
and proximity to talent.
Quality choice will remain constrained as developments
take time to complete.
Costs for prime real estate forecast to increase by 1.1% in 2015
Barcelona, Bristol, Madrid, Thames Valley, Leeds, Milan, Newcastle, Cairo, Belgrade
Birmingham
Krakow
The Hague
Moscow, St. Petersburg
Dusseldorf
Kiev, Sofia, Warsaw, Zagreb, Doha, Kuwait City
Antwerp, Athens, Brussels, Cardiff, Helsinki, Lisbon, Paris CBD, Rotterdam, Utrecht, Bratislava, Bucharest, Budapest, Prague,Tri-City, Capetown, Istanbul