The rise of teleworking and its consolidation in the following years they put themselves in great trouble to the real estate sector dedicated to the tax office. The implementation of hybrid work has given examples a little oxygen He swam to the broker allowing him to stay.
The intensity to office policies In companies it rebounds on the demand for a larger space that will leave already significant figures in the cities of Madrid and Barcelona.
Back to work: expected again. 2024 marked a turning point for the back-to-work policy. Hey CEO Outlook 2024 report Prepared by KPMG in a survey of 1,300 CEOs of large companies around the world, it revealed that 79% of CEOs expected to return to their offices in 2024, compared to 34% who believed it would be in 2023.
Tense back-to-work plans for large corporations like AmazonIBM Goldman SachsJPMorgan, Salesforce or consulting firm PwC gave a boost of oxygen to the role of the rental sector, revising its activity in mid-2024.
Immediate effects on the real estate market. Madrid’s office market began to see its first green shoots during the first quarter of 2024 with 145,000 square meters contracted. The increase in demand is even more significant in Barcelona, where office rentals have grown by 52.5% year-on-year. according to the data at Forcadell.
They accommodated their duties. Although the trend of return to services seems intense in the middle of the year, the hybrid days remain. the predominant option in the fabric business. This has generated a demand for flexible office spaces, because staff do not always gather together in the same space.
Second report real consultancy CBRE, in the first six months of 2024, conversions of properties in . flexible office spaces Levels have been reached comparable to those of 2023. Madrid is the city in which office space has largely gone from being used exclusively by society to flexible space. He used coworking or colinvingwith 57% of the total. They are followed by Barcelona with 7% and Malaga with 7%.
Use a break to renew yourself. Services that have traditionally remained exclusive to use have, on their part, been used for a post-pandemic break renew spaces. Offices are increasingly being designed with the balance between productivity and workers in mind, which it is attracts Generation Z *.
As explains the report of Savills from the second quarter, the redesign of office spaces was key to incorporating new technologies and features to support services. These improvements attract new tenants, especially in central areas where competition for office space is greater.
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