For many years office landlords have charged rents for the provision of standard office space on fixed terms. However, with occupiers’ corporate real estate strategy now seeking greater lease flexibility; companies looking to maintain a contented and productive workforce; and employees striving for an attractive and appealing workplace experience, CBRE believes a fundamentally different approach is required.
Although some landlords are experimenting with a range of new strategies to differentiate their properties beyond the traditional selling points of specification, location and accessibility, many are still struggling to devise an effective response to the consumerisation and hotelisation of office space.
This latest report in CBRE Asia Pacific’s Agile Research Series explains how this phenomenon requires landlords to adopt more intensive asset management strategies as they transition away from being pure space providers.